2022
Exports
$66.4MWorld Rnk 22 / 182
Flag Rnk 523 / 1212
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$318MWorld Rnk 13 / 216
Flag Rnk 234 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $66.4M in Electromagnets, making it the 22nd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 523rd most exported product in India. The main destination of Electromagnets exports from India are: United States ($13.2M), Germany ($12.9M), China ($7.87M), Czechia ($6.57M), and Hong Kong ($1.98M).

The fastest growing export markets for Electromagnets of India between 2021 and 2022 were United States ($4.85M), Germany ($2.84M), and Sweden ($776k).

Imports In 2022, India imported $318M in Electromagnets, becoming the 13th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 234th most imported product in India. India imports Electromagnets primarily from: China ($200M), Germany ($21.6M), South Korea ($17M), Japan ($14.8M), and Hong Kong ($13.4M).

The fastest growing import markets in Electromagnets for India between 2021 and 2022 were China ($72M), Germany ($9.04M), and Hong Kong ($5.04M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electromagnets. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$66.4M
IMPORTS (2022)$318M
NET TRADE (2022)-$252M

In 2022, India exported $66.4M in Electromagnets. The main destinations of India exports on Electromagnets were United States ($13.2M), Germany ($12.9M), China ($7.87M), Czechia ($6.57M), and Hong Kong ($1.98M).

In 2022, India imported $318M in Electromagnets, mainly from China ($200M), Germany ($21.6M), South Korea ($17M), Japan ($14.8M), and Hong Kong ($13.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$4.85M (58.3%)
Germany$2.84M (28.1%)
Sweden$776k (320%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY India WERE (2021 - 2022):
China-$1.24M (-13.6%)
South Korea-$570k (-58.1%)
Mexico-$503k (-27.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, India's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.2M
TOP IMPORT POTENTIALChina+ $111M

Electromagnets’s highest export potential is China. With an export gap of $11.2M.   Electromagnets’s highest import potential is China with an import gap of $111M.

See methodology.

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