2023
Exports
$7.53BWorld Rnk 17 / 226
Flag Rnk 8 / 1212
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$5.51BWorld Rnk 21 / 226
Flag Rnk 15 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $7.53B in Motor vehicles; parts and accessories (8701 to 8705), making it the 17th 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 ($1.99B), Mexico ($701M), Germany ($584M), Turkey ($445M), and Italy ($285M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of India between 2022 and 2023 were Mexico ($135M), Turkey ($86.5M), and Germany ($83M).

Imports In 2023, India imported $5.51B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 21st 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 15th most imported product in India. India imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($1.26B), South Korea ($987M), Japan ($862M), Germany ($596M), and United States ($450M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for India between 2022 and 2023 were Japan ($180M), Germany ($154M), and China ($106M).

COMPANIES In 2024, leading companies such as Dana Incorporated (2.47k), Ford Motor Company (363), and Transaxle Manufacturing (339) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from India to the United States.

Latest Trends

Jan 2025

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 (2023)$7.53B
IMPORTS (2023)$5.51B
NET TRADE (2023)$2.02B

In 2023, India exported $7.53B 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 ($1.99B), Mexico ($701M), Germany ($584M), Turkey ($445M), and Italy ($285M).

In 2023, India imported $5.51B in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($1.26B), South Korea ($987M), Japan ($862M), Germany ($596M), and United States ($450M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR India WERE (2022 - 2023):
Mexico$135M (23.8%)
Turkey$86.5M (24.1%)
Germany$83M (16.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY India WERE (2022 - 2023):
Belgium-$51.4M (-49.7%)
Thailand-$37M (-17%)
South Africa-$30.3M (-25.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, 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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