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2022
Exports $12.9MWorld Rnk 19 / 166
Flag Rnk 831 / 1212
2022
Destination $1.35M United States
2021 - 2022
FASTEST GROWING MARKET $1.35MUnited States
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts1.19Rnk 106 / 1025
2022
Imports $12.5MWorld Rnk 25 / 204
Flag Rnk 839 / 1206
2022
Origin $1.28M China
2021 - 2022
FASTEST GROWING ORIGIN $1.28MMalaysia
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $12.9M in Musical Instrument Parts, making it the 19th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 831st most exported product in India. The main destination of Musical Instrument Parts exports from India are: United States ($3.16M), China ($2.59M), Indonesia ($2.24M), Germany ($874k), and Japan ($612k).

The fastest growing export markets for Musical Instrument Parts of India between 2021 and 2022 were United States ($1.35M), United Arab Emirates ($518k), and Indonesia ($200k).

Imports In 2022, India imported $12.5M in Musical Instrument Parts, becoming the 25th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 839th most imported product in India. India imports Musical Instrument Parts primarily from: China ($5.84M), Malaysia ($2.98M), United States ($1.81M), South Korea ($476k), and Indonesia ($299k).

The fastest growing import markets in Musical Instrument Parts for India between 2021 and 2022 were Malaysia ($1.28M), China ($1.25M), and United States ($452k).

Latest Trends

Jul 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 Musical Instrument 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 (2022)$12.9M
IMPORTS (2022)$12.5M
NET TRADE (2022)$377k

In 2022, India exported $12.9M in Musical Instrument Parts. The main destinations of India exports on Musical Instrument Parts were United States ($3.16M), China ($2.59M), Indonesia ($2.24M), Germany ($874k), and Japan ($612k).

In 2022, India imported $12.5M in Musical Instrument Parts, mainly from China ($5.84M), Malaysia ($2.98M), United States ($1.81M), South Korea ($476k), and Indonesia ($299k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$1.35M (74.8%)
United Arab Emirates$518k (1.08k%)
Indonesia$200k (9.85%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY India WERE (2021 - 2022):
Singapore-$1.38M (-99.5%)
China-$453k (-14.9%)
Zambia-$88.9k (-99.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Musical Instrument Parts were:
China $367M
United States $290M
Germany $217M
In 2022, India's main importing competitors in Musical Instrument Parts were:
United States $309M
Germany $168M
China $160M

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.87M
TOP IMPORT POTENTIALChina+ $4.95M

Musical Instrument Parts’s highest export potential is China. With an export gap of $2.87M.   Musical Instrument Parts’s highest import potential is China with an import gap of $4.95M.

See methodology.

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