02-Jan-2025
Key Highlights:
Did you know? The toy industry has undergone tremendous change recently due to shifting consumer tastes and a rise in the need for cutting-edge goods. As one of the largest toy markets in the world, India presents a lucrative opportunity for businesses looking to import toys from China. The traders must complete a number of steps in order to import toys from China to India. In this blog, we will explore the current trends and considerations for importing toys from China to India in 2025.
With a compound annual growth rate (CAGR) of around 3.14% from 2023 to 2030, the worldwide toy market is expected to reach a value of approximately USD 391.62 billion, up from USD 305.81 billion in 2022.
Toy demand in India: In 2022, the country's toy market was estimated to be worth USD 1.5 billion. With a compound annual growth rate (CAGR) of 12.5% from 2024 to 2032, the India The toy market industry is expected to increase from USD 1.6 billion in 2023 to USD 4.3 billion by 2032.
This rate of growth clearly shows that the demand for toys in India is increasing rapidly. Here are the factors behind the emerging toy industry in India:
As per India toy import data, India is ranked 61st in the world. India imported $60 million worth of toys in 2023–2024. The European Union, Japan, Canada, and the United States are the top importers of toys worldwide.
The toy sector in India is expected to increase by 12% between 2022 and 2028, making it one of the fastest-growing in the world.
Toy exports from the nation reached $304.8 million in 2023, making it a net exporter. Over 70% of India's toy exports go to industrialised nations, primarily the US, UK, Germany, the Netherlands, Denmark, and Australia.
Now, analyze the data for the import of toys from China to India.
China's share of India's toy imports decreased from 94 percent in FY'13 to 64 percent in FY'24, as seen by the country's declining import bill for toys from China, which went from USD 214 million in FY'13 to USD 41.6 million in FY'24.
In 2023, India imported US$370.35 million worth of toys, games, and sporting goods from China.
Import duty on toys from China to India: Toy imports from China to India are subject to a 70% basic customs duty (BCD).
India has achieved a remarkable 80% reduction in toy imports from China, a country that has long controlled the global market, in just four years.
A combination of strict quality checks and high tariffs was beneficial. The customs duty in India increased significantly from 20% to 70% between FY20 and FY24. Additionally, it implemented the Quality Control Order (QCO), a rule that requires all toys, whether made in the United States or abroad, to meet strict safety requirements.
A Quality Control Order for toys, an increase in basic customs duty on toys, sample testing of every import consignment to reduce substandard imports, the creation of a comprehensive The National Action Plan for Toys with 21 specific action points and support through cluster-based approaches are some of the steps the government has taken to support the toy industry.
To encourage domestic manufacturing even more, the government is thinking of implementing a production-linked incentive (PLI) program.
The HS code for toys is in Section XX, Chapter 95. Here are the top HS codes for toys:
|
Toys HS codes |
Product Description |
|
9503 |
Tricycles, scooters, pedal cars, dolls, dolls' carriages, other toys, and reduced-scale models |
|
95030010 |
For wooden toys |
|
95030020 |
Metal toys |
|
95030030 |
Plastic toys |
|
95030041 |
Stuffed toys that represent animals or non-human creatures. |
|
95030055 |
Toy musical instruments and apparatus. |
|
95030061 |
Wooden puzzles. |
|
95030070 |
Toys that are put up in sets or outfits. |
|
950330 |
Construction sets and construction toys. |
|
950341 |
Toys that represent animals or non-human creatures. |
These are the most well-known toys HS codes in the worldwide toy sector. The most recent chinese toys import data from India, including comprehensive lists of HS codes for toys, import of chinese toys in India, toys importers in India, and toys import from China to India, is available on our dashboard, Exportimportdata.in.
Here is a list of major Chinese toys importers from India:
So, these are India's leading importers of toys. Some of the significant Chinese toys importers in India are Homesprings, New NU, and Sunshine Overseas Inc., among others. Contact Exportimportdata.in anytime if you are searching for up-to-date toys HS codes, toys import from China to India, and other related data.
Finding a trustworthy supplier, confirming quality and certifications, adhering to Indian import laws, acquiring an IEC number, making sure toys fulfill BIS standards, appropriately labeling, and navigating customs clearance procedures—including possible high duty rates on toys imported from China—are important factors to take into account when importing toys from China to India.
To make wise import choices, be aware of the present demand for various toy categories in India, including educational toys.
Find reliable Chinese toy manufacturers by conducting research and using websites such as ExportImportData. To meet possible suppliers face-to-face, think about going to trade shows like the Canton Fair.
Before placing a large order, make sure your selected supplier has the required certifications, such as ISO 9001, and ask for product samples to evaluate quality.
Make sure the imported toys meet the safety regulations set forth by the Bureau of Indian Standards (BIS).
You need to get an Importer Exporter Code (IEC) number from the DGFT in order to import goods into India legally.
Be advised that the high customs duty imposed on imported toys can have a substantial effect on your expenses.
All imported toys must be labeled with accurate information, including manufacturer details, composition, safety instructions, and compliance with Indian standards.
There are several ways to find out the global buyers of toys. ExportImportData platform is one of the best platform to analyze the toys import-export data, toys importers list, exporters list, importing toys from china to india statistics, HS Codes, shipment values, quantities, date of shipment, destination ports, etc.
All trade-related statistics are readily available on our dashboard. Also, you can easily analyze shipment and custom data from our database of more than 100 countries.
As the toy industry in India continues to evolve, importing toys from China to India presents a promising opportunity for businesses looking to capitalize on the growing market. By staying informed about current trends and insights, such as toys import from China to India, importing toys from China or import duty on toys from China to India, importers can successfully explore the landscape and thrive in the competitive environment.
Also, the key to success in the dynamic toy import industry in 2025 will be having the appropriate strategies, whether that means utilizing technology, embracing sustainability, or putting safety first. However, if you still have any kind of query related to toys import from China to India, import of toys from China to India, connect with our experts today and schedule a free live demo.
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.
Yes, toys import from China to India can be done, but there are a few factors that need to be considered for effective export, such as finding a trustworthy supplier, confirming quality and certifications, adhering to Indian import laws, acquiring an IEC number, making sure toys fulfill BIS standards, appropriately labeling, and navigating customs clearance procedures.
Import duty on toys from China to India: Toy imports from China to India are subject to a 70% basic customs duty (BCD).
The amount of tax you pay when importing goods from China to India depends on the type of tax, the value of the goods, and the type of goods being imported. The peak customs duty in India is around 10%, but the rate can vary depending on the product's HS code and origin.
Yes, it is allowed to import from China to India, but there are a few documents and certificates that need to be collected, such as: 1. Before placing a large order, make sure your selected supplier has the required certifications, such as ISO 9001, and ask for product samples to evaluate quality. 2. Make sure the imported toys meet the safety regulations set forth by the Bureau of Indian Standards (BIS). 3. You need to get an Importer Exporter Code (IEC) number from the DGFT in order to import goods into India legally. 4. Be advised that the high customs duty imposed on imported toys can have a substantial effect on your expenses.
Toy imports from China to India are subject to a 70% basic customs duty (BCD).
With almost 86% of all toy exports worldwide, China is the biggest toy exporter in the world. China shipped more than $88 billion worth of games, sports equipment, and toys in 2023. In 2023, the US ranked as the second-largest toy exporter, with approximately $7.6 billion in exports.
The top countries that export toys to India include China, Vietnam, the Czech Republic, Germany, the United States, and the UAE.
Sea transport is the cheapest way to import goods from China to India. No doubt, sea transport is more cost-effective than air freight, especially for larger orders. However, sea transport involves delivering goods to a port of discharge, which can take a long time.
