2022
Exports
$6.99BWorld Rnk 15 / 226
Flag Rnk 8 / 1212
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$4.8BWorld Rnk 22 / 225
Flag Rnk 18 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $6.99B in Motor vehicles; parts and accessories (8701 to 8705), making it the 15th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 8th most exported product in India. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from India are: United States ($2.05B), Turkey ($483M), Germany ($384M), Mexico ($345M), and Brazil ($304M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of India between 2021 and 2022 were United States ($281M), Indonesia ($119M), and Japan ($72.8M).

Imports In 2022, India imported $4.8B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 22nd largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 18th most imported product in India. India imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($1.01B), South Korea ($906M), Japan ($684M), Germany ($457M), and United States ($379M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for India between 2021 and 2022 were United States ($106M), Singapore ($98.3M), and Japan ($89.6M).

COMPANIES In 2023, leading companies such as Dana Incorporated (963), ZF Friedrichshafen (685), and Transaxle Manufacturing (443) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$6.99B
IMPORTS (2022)$4.8B
NET TRADE (2022)$2.2B

In 2022, India exported $6.99B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of India exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($2.05B), Turkey ($483M), Germany ($384M), Mexico ($345M), and Brazil ($304M).

In 2022, India imported $4.8B in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($1.01B), South Korea ($906M), Japan ($684M), Germany ($457M), and United States ($379M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$281M (15.9%)
Indonesia$119M (137%)
Japan$72.8M (42.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY India WERE (2021 - 2022):
Russia-$94.3M (-77.9%)
Germany-$28.8M (-6.97%)
Romania-$20M (-43.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, India's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.2B
TOP IMPORT POTENTIALChina+ $1.16B

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $1.2B.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $1.16B.

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