2023
Exports
$1.14BWorld Rnk 2 / 190
Flag Rnk 63 / 1212
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$46MWorld Rnk 24 / 222
Flag Rnk 599 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $1.14B in Packing Bags, making it the 2nd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 63rd most exported product in India. The main destination of Packing Bags exports from India are: United States ($279M), United Kingdom ($76.6M), Germany ($75.4M), Spain ($74M), and France ($70.6M).

The fastest growing export markets for Packing Bags of India between 2022 and 2023 were Bangladesh ($5.43M), Honduras ($2.68M), and Morocco ($2.23M).

Imports In 2023, India imported $46M in Packing Bags, becoming the 24th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 599th most imported product in India. India imports Packing Bags primarily from: Bangladesh ($18.3M), Nepal ($17.2M), China ($2.42M), Turkey ($1.87M), and Belgium ($1.36M).

The fastest growing import markets in Packing Bags for India between 2022 and 2023 were Bangladesh ($2.71M), Nepal ($1.32M), and Canada ($313k).

COMPANIES In 2023, leading companies such as SIGMA Corp (19), IKEA Group (13), and Transaxle Manufacturing (4) were at the forefront of shipping Packing Bags 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 Packing Bags. 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)$1.14B
IMPORTS (2023)$46M
NET TRADE (2023)$1.09B

In 2023, India exported $1.14B in Packing Bags. The main destinations of India exports on Packing Bags were United States ($279M), United Kingdom ($76.6M), Germany ($75.4M), Spain ($74M), and France ($70.6M).

In 2023, India imported $46M in Packing Bags, mainly from Bangladesh ($18.3M), Nepal ($17.2M), China ($2.42M), Turkey ($1.87M), and Belgium ($1.36M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR India WERE (2022 - 2023):
Bangladesh$5.43M (1.58k%)
Honduras$2.68M (189%)
Morocco$2.23M (51.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY India WERE (2022 - 2023):
United States-$133M (-32.2%)
Ghana-$40M (-80%)
Germany-$37.3M (-33.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Packing Bags were:
China $1.42B
In 2023, India's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $14.2M
TOP IMPORT POTENTIALChina+ $7.77M

Packing Bags’s highest export potential is Germany. With an export gap of $14.2M.   Packing Bags’s highest import potential is China with an import gap of $7.77M.

See methodology.

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