22-Sep-2020
Key Points:
Did you know? Electric machinery and equipment are now the mainstay of global industrialisation and modernisation in the quickly changing technological landscape of today. These components are crucial for industries like manufacturing, construction, transportation, renewable energy, and smart electronics. They include high-voltage transformers, electric motors, generators, circuit breakers, and semiconductors.
But in order to remain competitive and make wise choices in this ever-changing market, companies or traders need to use export data, a potent tool. Export data provides important insights into buyer demand, trade volumes, pricing, logistics, compliance, and market trends. In this blog, we dive deep into how export data is shaping the future of electric machinery and know the accurate electric machinery and equipment export data, machinery HS code and machinery exporters in India.
In-depth records of goods shipped from one nation to another are included in export data; these are usually broken down by HS codes, product descriptions, value, quantity, origin and destination countries, shipping ports, and the importers and exporters associated with the shipment. Regarding electric machinery and equipment, these data sets show current patterns in:
Businesses can find new opportunities, adjust to shifting market conditions, and make data-driven decisions that have a direct impact on trade performance by utilising this intelligence.
The proportion of various electronics manufactured in India:
As per electric machinery and equipment export data, India's electrical and electronic equipment exports reached nearly $12.4 billion. In fiscal year 2024-25, a significant increase from $4.7 billion in fiscal year 2017.
According to EEPC India, engineering exports which include electrical and electronic equipment have grown significantly, especially in October 2024, when they increased by 38.5% year over year.
|
Export Category |
Electric Machinery and Equipment Export Data |
Fiscal Year/ Value/ Period |
|
Electrical & Electronic Equipment Exports |
Nearly $12.4 billion |
FY 2024-25 |
| Electrical & Electronic Equipment Exports |
$4.7 Billion |
FY 2017 |
|
Electronic Goods Exports |
$38.58 Billion |
FY 2024-25 (April–March) |
|
Electronic Goods Exports |
$29.12 Billion |
FY 2023-24 (April–March) |
|
Engineering Exports |
38.5% year-over-year increase |
October 2024 |
|
Electrical Machinery & Equipment Exports |
?68 Billion |
FY 2014 |
|
Electrical Machinery & Equipment Exports |
?758.39 Billion |
FY 2022 |
Exports of electronic goods rose 32.47% from FY 2023-24 (April–March) to FY 2024-25 (April–March), from US$ 29.12 billion to US$ 38.58 billion.
Also, India has been exporting electrical machinery and equipment worth ?68 billion in fiscal year 2014 to ?758.39 billion in fiscal year 2022, a significant increase despite the deficit.
|
Machinery Export from India |
Detail/ Value |
Fiscal Year/ Period |
|
Overall Growth (E&E) |
Substantial growth |
Recent years/FY 2024-25 |
|
Engineering Exports (Cumulative) |
8.27% increase (cumulative) |
April-October 2024 |
|
Engineering Exports (Monthly Surge) |
38.5% year-over-year growth |
October 2024 |
|
USD 10 Billion Milestone |
Crossed $10 billion mark |
October 2024 |
|
Top Exporter State (Electronics) |
Tamil Nadu: 32.84% share |
FY24 |
To know the insights on electrical machinery equipment export or machinery imports or import export business in India, visit ExportImportData.in.
Machine tools, textile machinery, industrial machinery, and agricultural machinery are among the many types of machinery that India exports. Industrial machinery for different industries, electric machinery, and specialised types like drilling, bending, and shaping machines are some of the main categories.
|
Category of Machinery Export from India |
Details |
|
Mechanical & Industrial |
Machine tools, pumps, engines, boilers, and industrial processing/packaging machinery. |
|
Electrical & Electronic |
Electrical equipment, electronic components, automotive parts, T&D equipment, and medical instruments. |
|
Agricultural |
Tractors, harvesters, and irrigation tools. |
|
Textile |
Spinning, weaving, and printing machines for fabrics. |
|
Construction & Material Handling |
Cranes, bulldozers, concrete mixers, and handling equipment. |
|
Vehicles & Parts |
Automobiles, trucks, motorcycles, railway equipment/parts. |
|
Specialized |
Medical, cutting, and dairy/food processing equipment. |
The following table provides an overview of India's electronics export statistics:
|
Machinery Export from India |
Details |
|
Electronics Exports from India in FY24 |
$29.12 billion (up 23.6% from the previous year) |
|
Share in Total Exports (FY24) |
6.6% |
|
India's anticipated export of electronic goods in 2030 |
$61 billion (more than twice as much as the $28 billion level in 2023) |
|
State with the highest exports (FY24) |
Tamil Nadu |
|
Future Electronics Exports Target |
$120 billion by 2025–2026 |
|
Current Mobile Phone Export from India |
$16–20 billion |
According to electronics export data from India, during FY24, India shipped $29.12 billion worth of electronics, a 23.6% increase over FY23.
India's 6.6% increase in electronics exports in FY24 was primarily driven by smartphone production and the PLI program, according to electric machinery and equipment export data.
From 2023 to 2030, India's electronics exports are expected to more than double, from US$28 billion to US$61 billion. Learn more about machinery exports from India.
Here is the list of machinery HS Codes:
|
HS Code |
Description |
|
8479 |
Mechanical appliances with individual functions. |
|
84792090 |
Machinery for extracting animal/vegetable fats/oils. |
|
84799090 |
Parts for miscellaneous mechanical appliances. |
|
7326 |
Other articles of iron or steel. |
|
73269099 |
Other iron or steel articles (miscellaneous). |
|
8474 |
Machinery for sorting, crushing, and mixing earth/minerals. |
|
84742010 |
Crushing/grinding machines for stone/mineral. |
|
8484 |
Gaskets, similar joints, and mechanical seals. |
|
84849000 |
Other gaskets, joints, and mechanical seals. |
So, these are the top HS Codes. To know the accurate Indian import export data or import export data India, connect with ExportImportData.in
Here is the list of machinery exporters in India:
Exporting machinery is a speciality of several Indian businesses. ELGI Equipments Ltd., ISGEC Heavy Engineering Ltd., and Tata Hitachi Construction Machinery are notable machinery exporters in India. Among the many types of machinery that these companies export are textile machines, air compressors, and construction equipment. Also, know the exact and accurate electronic equipment export data, machinery HS code, machinery importers in India or electrical machinery imported by India; connect with us today.
Electric machinery and equipment export data offer important insights into market trends and have the potential to greatly impact the industry's future by pointing out areas for expansion, directing investment choices, and influencing legislation.
It indicates where supply chain gaps exist, where demand is rising, and which products are becoming more competitive.
There are several market research platforms globally, but one of the best platforms is ExportImportData in. We offer reliable, current, and genuine electric machinery and equipment export data. machinery exports from India, machinery importers in India, machinery HS Codes, machinery exporters in India and much more. You can use our platform to import and export data and export and import databases at a fair price with just one subscription.
Due to automation, global digitization, and green energy, the trade of electric machinery and equipment is undergoing a significant transformation.
Export data is a strategic asset in this ever-changing environment, not just a collection of statistics. Trade data helps make better, quicker, and more profitable decisions by enabling everything from spotting market trends to lowering logistics risks, from fostering innovation to enabling new exporters.
However, if you still have any queries regarding electric machinery and equipment export data, machinery export from India, machinery importers in India or machinery HS Codes, connect with ExportImportData.in and schedule a free live demo today.
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
As per machinery exporter data, the largest exporter of machinery is China, with an export value of $625 billion.
Mechanical and industrial, electrical and electronic, textile, construction and material handling, and vehicles and parts are the top categories of machinery that India exports.
To export heavy machinery from India, you need to obtain some mandatory documents as well as statistics on the machinery.
India imports a large variety of machinery, such as machine tools, heavy industrial equipment, electrical machinery, and other specialised machinery for various industries.
The largest importer of machinery worldwide is the United States. In 2023, $3.17 trillion worth of machinery was imported by the United States.
