Import Of Used Machinery Into India 2026 Market Overview & Trends

India's import market has shown consistent growth over the last five years. The import value rose from $34.35 billion in 2020 to $63.31 billion in 2024. This steady upward trend is mirrored by a significant increase in total quantity, which grew from 24.36 billion to 51.38 billion units, indicating a robust and expanding demand for international goods.

In 2024, China stands as the primary exporter to India with a commanding value of $29.13 billion. This far exceeds other major suppliers such as Germany ($6.45 billion) and Japan ($4.21 billion). The United States and South Korea also contribute significantly, though China's market share remains the most dominant in the current landscape.

Among emerging partners, China leads with the highest growth rate of 13.2%, followed closely by Other Asia, nes at 12.2%. France and Thailand also show healthy growth at 8.8% and 7.7% respectively. Conversely, the United States shows a more conservative growth of 2.0%, despite maintaining a high absolute trade value.

The 2024 data identifies industrial robots as the leading import category with a value of $3.24 billion. Electric accumulators follow at $2.89 billion, while pharmaceutical goods and DC power supplies also represent major segments. This focus on automation and energy components underscores the technological priorities driving the current import trends.