2022
Exports
$2.03BWorld Rnk 19 / 222
Flag Rnk 33 / 1212
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$1.34BWorld Rnk 31 / 225
Flag Rnk 71 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $2.03B in Insulated Wire, making it the 19th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 33rd most exported product in India. The main destination of Insulated Wire exports from India are: United States ($512M), United Kingdom ($186M), United Arab Emirates ($140M), Germany ($87.7M), and Nigeria ($70.2M).

The fastest growing export markets for Insulated Wire of India between 2021 and 2022 were United States ($278M), United Kingdom ($60.6M), and Germany ($51.3M).

Imports In 2022, India imported $1.34B in Insulated Wire, becoming the 31st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 71st most imported product in India. India imports Insulated Wire primarily from: China ($484M), South Korea ($113M), Germany ($110M), United States ($109M), and Hong Kong ($61.1M).

The fastest growing import markets in Insulated Wire for India between 2021 and 2022 were China ($45.1M), Netherlands ($35.5M), and Germany ($27.6M).

COMPANIES In 2023, leading companies such as TE Connectivity (18), J.C. Bamford (16), and CNH Industrial (4) were at the forefront of shipping Insulated Wire from India to the United States.

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 Insulated Wire. 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)$2.03B
IMPORTS (2022)$1.34B
NET TRADE (2022)$693M

In 2022, India exported $2.03B in Insulated Wire. The main destinations of India exports on Insulated Wire were United States ($512M), United Kingdom ($186M), United Arab Emirates ($140M), Germany ($87.7M), and Nigeria ($70.2M).

In 2022, India imported $1.34B in Insulated Wire, mainly from China ($484M), South Korea ($113M), Germany ($110M), United States ($109M), and Hong Kong ($61.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$278M (119%)
United Kingdom$60.6M (48.5%)
Germany$51.3M (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY India WERE (2021 - 2022):
Nigeria-$31.6M (-31%)
Sri Lanka-$5.46M (-42.6%)
Mexico-$4.83M (-39.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Insulated Wire were:
In 2022, India's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $323M
TOP IMPORT POTENTIALChina+ $410M

Insulated Wire’s highest export potential is United States. With an export gap of $323M.   Insulated Wire’s highest import potential is China with an import gap of $410M.

See methodology.

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