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India | Imports and Exports | World | Parts and accessories of the motor vehicles of headings 8701 to 8705 | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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The value of exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from India totalled $ 7.04 billion in 2023. Sales of commodity group 8708 from India went up by 5.67% compared to 2022: exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" went up by $ 378 million (cumulative exports of commodity group 8708 from India amounted $6.66 billion in 2022)

Exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" amounted to 1.63% of total exports from India (cumulative merchandise exports from India totalled $ 431 billion in 2023). The share of commodity group 8708 in total exports from India increased by 0.16 p.p. compared to 2022 (it was 1.47% in 2022 and cumulative exports from India were equal to $ 452 billion).

Exports of commodity group 8708 amounted to 33% of total sales of group "" from India in 2023 (the value of exports of commodity group from India amounted to $20 billion in 2023). The share of exports of commodity group 8708 in sales of commodity group from India increased by 2.47 p.p. compared to 2022 (it was 31% in 2022, and exports of commodity group from India were $21 billion).

Exports | India | 8708

Export destinations of 8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05 from India

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Where does India export Parts and accessories of the motor vehicles of headings 87.01 to 87.05?

Top export destinations of "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from India in 2023:

USA with a share of 29% (2.05 billion US$)
Turkey with a share of 7.09% (499 million US$)
Germany with a share of 5.82% (410 million US$)
Mexico with a share of 5.71% (402 million US$)
Brazil with a share of 3.8% (267 million US$)
Japan with a share of 3.65% (257 million US$)
Italy with a share of 3.31% (233 million US$)
Indonesia with a share of 3.04% (214 million US$)
Vietnam with a share of 2.95% (207 million US$)
United Kingdom with a share of 2.69% (189 million US$)

Exports structure of 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05 - from India in 2023 represented by the following main commodity groups:

47% (3.36 billion US$): 870899 - Vehicle parts and accessories; n.e.s. in heading no. 8708
10% (706 million US$): 870840 - Vehicle parts; gear boxes and parts thereof
9.88% (696 million US$): 870850 - Vehicle parts; drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
3.92% (276 million US$): 870894 - Vehicles; parts, steering wheels, columns and boxes
3.71% (261 million US$): 870892 - Vehicle parts; silencers (mufflers) and exhaust pipes; parts thereof
3.02% (213 million US$): 870880 - Vehicle parts; suspension systems and parts thereof (including shock-absorbers)
2.44% (172 million US$): 870829 - Parts & accessories of bodies (incl. cabs) of the motor vehicles of 87.01-87.05, n.e.s. in 87.08
2.32% (163 million US$): 870870 - Vehicle parts; road wheels and parts and accessories thereof
1.85% (130 million US$): 870810 - Bumpers & parts thereof of the motor vehicles of 87.01-87.05
1.49% (105 million US$): 870893 - Vehicle parts; clutches and parts thereof

The value of imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" to India totalled $ 5.9 billion in 2023. Sales of commodity group 8708 to India went up by 9.28% compared to 2022: imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" went up by $ 502 million (the value of imports of commodity group 8708 to India was equal to $5.4 billion in 2022)

Imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" accounted for 0.879% of total import flow to India (in 2023, total imports to India amounted to $ 672 billion). The share of commodity group 8708 in total imports to India increased by 0.141 p.p. compared to 2022 (it was 0.737% in 2022 and cumulative imports to India were equal to $ 732 billion).

Imports of commodity group 8708 reached 76% of total imports of group "" to India in 2023 (imports of commodity group to India totalled $7.68 billion in 2023). The share of purchases of commodity group 8708 in imports of commodity group to India went down by 0.918 p.p. compared to 2022 (it was 77% in 2022, and imports of commodity group to India accounted for $6.94 billion).

Imports | India | 8708

Sources of imports of 8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05 for India