Electrical equipment and machinery are among India's major imports on a regular basis. Imports of these commodities are driven by the need for innovative technology in industries such as consumer electronics, manufacturing, and telecommunications. India from a number of nations; the US, China, Germany, Japan, and South Korea are among the main providers.
Importsof Electrical Machinery Etc in India decreased to 24752.25 USD Million in 2023 from 67637.19 USD Million in 2022. Imports of Electrical Machinery Etc in India averaged 18382.83 USD Million from 1996 until 2023, reaching an all time high of 67637.19 USD Million in 2022 and a record low of 1594.42 USD Million in 1996.
India imported 4,350 shipments of Electrical Machinery during Mar 2023 to Feb 2024 (TTM). These imports were supplied by 382 foreign exporters to 265 Indian buyers, marking a growth rate of -3% compared to the preceding twelve months. Within this period, in Feb 2024 alone, India imported 317 Electrical Machinery shipments. This marks a year-on-year growth of -6% compared to Feb 2023, and a 5% sequential increase from Jan 2024.
