2023
Exports
$33BWorld Rnk 20 / 226
Flag Rnk 4 / 96
2023
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.12Rnk 2 / 1025
2023
Imports
$57.4BWorld Rnk 12 / 226
Flag Rnk 4 / 96
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $33B in Machinery, mechanical appliances, & parts, making it the 20th largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 4th most exported product in India. The main destination of Machinery, mechanical appliances, & parts exports from India are: United States ($6.6B), Germany ($1.95B), United Arab Emirates ($1.31B), United Kingdom ($1.26B), and China ($1.13B).

The fastest growing export markets for Machinery, mechanical appliances, & parts of India between 2022 and 2023 were Russia ($304M), United Arab Emirates ($268M), and South Korea ($258M).

Imports In 2023, India imported $57.4B in Machinery, mechanical appliances, & parts, becoming the 12th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 4th most imported product in India. India imports Machinery, mechanical appliances, & parts primarily from: China ($25.1B), United States ($5.32B), Germany ($4.97B), Japan ($3.36B), and Italy ($2.34B).

The fastest growing import markets in Machinery, mechanical appliances, & parts for India between 2022 and 2023 were China ($2.66B), United States ($1.67B), and France ($865M).

COMPANIES In 2023, leading companies such as Cummins Jaw Warehouse (1.46k), Cummins (1.21k), and J.C. Bamford (1.06k) were at the forefront of shipping Machinery, mechanical appliances, & parts from India to the United States.

Latest Trends

Dec 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 Machinery, mechanical appliances, & parts. 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 (2023)$33B
IMPORTS (2023)$57.4B
NET TRADE (2023)-$24.4B

In 2023, India exported $33B in Machinery, mechanical appliances, & parts. The main destinations of India exports on Machinery, mechanical appliances, & parts were United States ($6.6B), Germany ($1.95B), United Arab Emirates ($1.31B), United Kingdom ($1.26B), and China ($1.13B).

In 2023, India imported $57.4B in Machinery, mechanical appliances, & parts, mainly from China ($25.1B), United States ($5.32B), Germany ($4.97B), Japan ($3.36B), and Italy ($2.34B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR India WERE (2022 - 2023):
Russia$304M (111%)
South Korea$258M (77.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY India WERE (2022 - 2023):
Thailand-$274M (-22.4%)
Bangladesh-$204M (-27%)
Vietnam-$126M (-32.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2023, India's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.41B
TOP IMPORT POTENTIALChina+ $13.8B

Machinery, mechanical appliances, & parts’s highest export potential is United States. With an export gap of $3.41B.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $13.8B.

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