India Trade Monitor

Trade overview
Machinery trade brief

India’s machinery and equipment trade

HS84 combines computers with engines, turbines, pumps and production machinery. The product view separates finished computing demand from the equipment that expands industrial capacity.

Imports · FY25–26

$74.0bn

Exports · FY25–26

$36.6bn

Net trade gap

$37.4bn

Import change

+46.3%

since FY21–22

Export change

+44.2%

since FY21–22

Five-year direction

Imports, exports and the widening gap

Current US$ customs values for the selected HS-4 product group. The latest year is FY25–26.

● Imports

● Exports

$0.0bn$40.0bn$79.9bnFY21-22FY22-23FY23-24FY24-25FY25-26
Product-level analysis

The products inside the headline total

Import value, export offset and the economic role of each large line. Coverage is exports divided by imports for the same HS-4 code.

Computers and data-processing machines

HS 8471 · Finished equipment

Imports

$13.7bn

Exports

$1.1bn

Export coverage

7.8%

Computers are the chapter’s largest import line and have only a small direct export offset.

Special-purpose machinery

HS 8479 · Production equipment

Imports

$4.1bn

Exports

$1.3bn

Export coverage

31.9%

Machines with individual functions support many factories but remain substantially import dependent.

Turbo-jets, turbines and related equipment

HS 8411 · Export strength

Imports

$4.1bn

Exports

$5.7bn

Export coverage

138.1%

Exports exceed imports, making turbines one of India’s strongest complex machinery lines.

Computer and office-machine parts

HS 8473 · Component input

Imports

$4.0bn

Exports

$0.5bn

Export coverage

13.0%

The parts layer remains import heavy alongside the finished-computer deficit.

Pumps, compressors and fans

HS 8414 · Industrial equipment

Imports

$3.2bn

Exports

$1.5bn

Export coverage

46.0%

A broad enabling category with meaningful exports but less than half of imports offset.

Taps, valves and flow controls

HS 8481 · Export strength

Imports

$2.4bn

Exports

$2.8bn

Export coverage

117.2%

Indian exports exceed imports in a widely used industrial component category.

Supply chain

From imported input to Indian market

The same import total can support domestic consumption, processing, manufacturing or exports. This flow shows where value can be added.

01

Core inputs

Precision metals, controls, bearings and specialised components

02

Sub-assemblies

Engines, pumps, transmissions and machine modules

03

Capital equipment

Factory, process, construction and computing machinery

04

Productive use

Infrastructure, manufacturing, services and equipment exports

Supplier concentration

Where the chapter-level imports come from

Share of HS84 imports among the major partners available in the local partner dataset. This is a directional chapter proxy, not an exact supplier split for the selected HS-4 basket.

Observed major-partner share · HS84 proxy

CHINA

56.0%

GERMANY

10.5%

U S A

8.9%

SINGAPORE

8.1%

JAPAN

7.4%

KOREA

4.5%

HONG KONG

3.0%

SWITZERLAND

1.0%

Domestic context

Scale and value creation in India

The domestic indicators cover selected capital-goods subsectors. They are narrower than HS84, which also includes computers, domestic appliances and other mechanical equipment.

Estimated capital-goods share of GDP

1.9%

Earthmoving machinery output in FY25

₹80,750 cr

Printing machinery output in FY25

₹29,716 cr

Machine-tool output in FY25

₹14,286 cr

Sources & method

Trade values are current US$ millions from India’s Ministry of Commerce TradeStat HS-4 world tables. Sector totals sum the listed HS-4 codes; they are analytical baskets rather than a claim that every code in the wider HS chapter belongs to the sector. Partner shares use HS84 chapter data for the major countries captured locally, so they are labelled as a proxy.