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2022
ExportsfalseWorld Rnk 14 / 167
Flag Rnk 691 / 1212
2021 - 2022
FASTEST GROWING MARKET $4.67MMalaysia
2022
PRODUCT COMPLEXITY IN Electric Musical Instruments0.55Rnk 344 / 1025
2022
Origin $3.43M China
2021 - 2022
FASTEST GROWING ORIGIN $3.43MMalaysia
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $27.9M in Electric Musical Instruments, making it the 14th largest exporter of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 691st most exported product in India. The main destination of Electric Musical Instruments exports from India are: Malaysia ($5.85M), United Arab Emirates ($4.43M), United States ($3M), Germany ($2.77M), and France ($1.87M).

The fastest growing export markets for Electric Musical Instruments of India between 2021 and 2022 were Malaysia ($4.67M), United Arab Emirates ($3.43M), and United States ($1.42M).

The fastest growing import markets in Electric Musical Instruments for India between 2021 and 2022 were Malaysia ($3.43M), United States ($244k), and Netherlands ($187k).

Latest Trends

Sep 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 Electric Musical 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)$27.9M

In 2022, India exported $27.9M in Electric Musical Instruments. The main destinations of India exports on Electric Musical Instruments were Malaysia ($5.85M), United Arab Emirates ($4.43M), United States ($3M), Germany ($2.77M), and France ($1.87M).

In N/A, India imported N/A in Electric Musical Instruments, mainly from China ($14.1M), Malaysia ($10M), Indonesia ($2.03M), Hong Kong ($1.15M), and United States ($369k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Musical Instruments EXPORT MARKETS FOR India WERE (2021 - 2022):
Malaysia$4.67M (398%)
United Arab Emirates$3.43M (341%)
United States$1.42M (89.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Musical Instruments BY India WERE (2021 - 2022):
China-$1.5M (-74.8%)
Italy-$112k (-86.1%)
Denmark-$98.9k (-95.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Electric Musical Instruments were:
China $1.03B
Indonesia $664M
Germany $306M
In 2022, India's main importing competitors in Electric Musical Instruments were:
United States $726M
Germany $398M
Japan $210M

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Trade Value of Electric Musical Instruments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $3.44M
TOP IMPORT POTENTIALChina+ $11.5M

Electric Musical Instruments’s highest export potential is United States. With an export gap of $3.44M.   Electric Musical Instruments’s highest import potential is China with an import gap of $11.5M.

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