2022
Exports
$4.11MWorld Rnk 16 / 168
Flag Rnk 971 / 1212
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$18.5MWorld Rnk 17 / 209
Flag Rnk 776 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $4.11M in String Instruments, making it the 16th largest exporter of String Instruments in the world. At the same year, String Instruments was the 971st most exported product in India. The main destination of String Instruments exports from India are: United States ($726k), United Arab Emirates ($643k), Nepal ($498k), Germany ($359k), and Ukraine ($287k).

The fastest growing export markets for String Instruments of India between 2021 and 2022 were United States ($437k), United Arab Emirates ($417k), and Ukraine ($247k).

Imports In 2022, India imported $18.5M in String Instruments, becoming the 17th largest importer of String Instruments in the world. At the same year, String Instruments was the 776th most imported product in India. India imports String Instruments primarily from: China ($16.5M), Indonesia ($1.22M), United States ($373k), Malaysia ($231k), and Italy ($101k).

The fastest growing import markets in String Instruments for India between 2021 and 2022 were China ($3.1M), United States ($237k), and Indonesia ($132k).

COMPANIES In 2023, leading companies such as TE Connectivity (6), YAMAHA CORPORATION OF AMERICA (1), and Costco Wholesale (1) were at the forefront of shipping String Instruments from India to the United States.

Latest Trends

Jul 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 String Instruments. 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)$4.11M
IMPORTS (2022)$18.5M
NET TRADE (2022)-$14.4M

In 2022, India exported $4.11M in String Instruments. The main destinations of India exports on String Instruments were United States ($726k), United Arab Emirates ($643k), Nepal ($498k), Germany ($359k), and Ukraine ($287k).

In 2022, India imported $18.5M in String Instruments, mainly from China ($16.5M), Indonesia ($1.22M), United States ($373k), Malaysia ($231k), and Italy ($101k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$437k (151%)
Ukraine$247k (607%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY India WERE (2021 - 2022):
Russia-$655k (-70.5%)
Germany-$263k (-42.3%)
France-$62.2k (-22.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in String Instruments were:
In 2022, India's main importing competitors in String Instruments were:

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $743k
TOP IMPORT POTENTIALChina+ $5.45M

String Instruments’s highest export potential is United States. With an export gap of $743k.   String Instruments’s highest import potential is China with an import gap of $5.45M.

See methodology.

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