How to
Import 1 Mm Electric Wire to India

Are you here to know how you can import 1 Mm Electric Wire to India? Well, Connect2India gives you the complete understanding about how to import 1 Mm Electric Wire to India, from where to import 1 Mm Electric Wire, at what price 1 Mm Electric Wire should be imported and also the best 1 Mm Electric Wire exporters in the world.

1 Mm Electric Wire

Summary for the Indian 1 Mm Electric Wire import

In FY 2020-2021 (Apr-Nov), Around 86.58 USD million of 1 Mm Electric Wire is imported from India to China. It is around 27.41% of the total import of 1 Mm Electric Wire.

  • The value of 1 Mm Electric Wire import from India in October 2020 is 45.02 USD million .
  • Major countries where 1 Mm Electric Wire was imported in October 2020 are China(14.4), Malaysia(8.31), Japan(3.5), USA(2.98), Germany(2.43).
S.no. Country Qty Value(USD Million) Month year
China 26672570 14.4 October 2020
Malaysia 40237620 8.31 October 2020
Japan 4374049 3.5 October 2020
USA 735460 2.98 October 2020
Germany 1027670 2.43 October 2020
Viet Nam 1552650 1.21 October 2020
Singapore 1171180 1.17 October 2020
France 781620 1.14 October 2020
Rep. of Korea 1417630 1.13 October 2020
TAIWAN 8533270 1.1 October 2020
China, Hong Kong SAR 1692700 1.03 October 2020
Russian Federation 99840 0.85 October 2020
Thailand 3462240 0.85 October 2020
Italy 183450 0.72 October 2020
Switzerland 216030 0.6 October 2020
Turkey 37629600 0.49 October 2020
United Kingdom 171190 0.43 October 2020
Netherlands 30659 0.39 October 2020
United Arab Emirates 751900 0.33 October 2020
Oman 115940 0.23 October 2020

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Import 1 Mm Electric Wire to India

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There are 91 distinct countries to import 1 Mm Electric Wire into India. Collectively India imported 315.91 USD Million of 1 Mm Electric Wire from those 91 countries in 2020-2021 (Apr-Nov) and USD Million in 2018, which is up by 16.52% than the 1 Mm Electric Wire imported into India the previous year. In 2017, countries exported around quantity of 1 Mm Electric Wire to India while in 2018, India’s 1 Mm Electric Wire import accounts to quantity from countries. This shows the rise of �% 1 Mm Electric Wire import in terms of quantity imported.

To import 1 Mm Electric Wire to India, the best countries according to Indian shipment records are China, Malaysia, Germany, USA, Japan . Together they sold 315.91 USD Million worth value of 1 Mm Electric Wire to India.

Overall the import of 1 Mm Electric Wire into India gain of 49.92% since 2014 when 1 Mm Electric Wire import shipments into India were valued at 506.4 USD Million. Year over year, the value of 1 Mm Electric Wire import from India up by 16.52% from 2017 to 2018.

The import reached an all time high of 759.22 USD Million during the year 2018.

Among the countries from where 1 Mm Electric Wire is imported to India, the fastest growing growing nations were Armenia,Montenegro and Cuba.

The countries from where India reduced their 1 Mm Electric Wire imports are Eritrea,French Polynesia and CHRISTMAS IS.

As an importer of 1 Mm Electric Wire, you should know the HS CODE of products at first.

Some HS Codes corresponding to 1 Mm Electric Wire are

S.No Product H.S Code
Stranded steel wire, cable etc, no electric insulatio 7312
Stranded steel wire cable etc, no electric insulation 731210
Wire, cored, of base metal, for electric arc welding 831120
Metal treating machines, electric wire coil winders 847981
Cored wire of base metal, for electric arc welding 83112000
Machinery for treating metal, incl. electric wire coil winders, n.e.s. (excl. industrial robots, furnaces, dryers, spray guns and the like, high pressure cleaning equipment and other jet cleaners, rolling millls or machines, machine tools and rope or cable making machines) 84798100
Electric wire and cables, for a voltage less than equals to 1.000 V, insulated, not fitted with connectors, with individual conductor wires of a diameter greater than 0,51 mm, n.e.s. 85444991
ELECTRIC RESISTANCE WIRE INCL ELECTRIC RESISTANCE HEATING WIRE 72299060
ELECTRIC RESTANCE WRE (INCL. ELE.RES. HEAT ING WIRE) 72179093

Use our HS CODE FINDER tool to search for the hs codes of products

Top Global Markets for import 1 Mm Electric Wire to India in 2020-2021 (Apr-Nov)

S.NO. Country Quantity of import import value of 1 Mm Electric Wire
import 1 Mm Electric Wire to India from China 537809780 86.58
import 1 Mm Electric Wire to India from Malaysia 788776460 61.91
import 1 Mm Electric Wire to India from Germany 9635799 26.86
import 1 Mm Electric Wire to India from USA 8200400 23.74
import 1 Mm Electric Wire to India from Japan 18479030 19.71
import 1 Mm Electric Wire to India from Rep. of Korea 10835600 10.34
import 1 Mm Electric Wire to India from China, Hong Kong SAR 11034340 10.32
import 1 Mm Electric Wire to India from Viet Nam 8842110 6.72
import 1 Mm Electric Wire to India from Turkey 65749940 6.33
import 1 Mm Electric Wire to India from Singapore 8223900 6.15

Product wise trends to Import 1 Mm Electric Wire to India in 2020-2021 (Apr-Nov)

S.NO. Code Name Quantity of import import value of 1 Mm Electric Wire
73121090 Others(e.g.transmission belting) 27576500 50.62
84798100 Machinery for treating metal, incl. electric wire coil-winders, n.e.s. (excl. industrial robots, furnaces, dryers, spray guns and the like, high-pressure cleaning equipment and other jet cleaners, rolling millls or machines, machine tools and rope or cable-making machines) 3680 26.64
73121020 Stranded wire, ropes and cables, of stainless steel (excl. electrically insulated products and twisted fencing wire and barbed wire) 12927190 22.53
83112000 Cored wire of base metal, for electric arc-welding 7069750 15.97
73121010 Wire ropes,black 2428220 4.69
73121030 Stranded wire 371040 0.73

Import Duty for Electric Resistance Wire (including Electric resistance Heating Wire) under HS CODE 72179093

HS Code 72179093
Description Electric Resistance Wire (including Electric resistance Heating Wire)
Customs Duty (%) 15%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 35.7%
Import Policy

Import Duty for Electric Resistance Wire (including Electric resistance Heating Wire) under HS CODE 72299060

HS Code 72299060
Description Electric Resistance Wire (including Electric resistance Heating Wire)
Customs Duty (%) 15%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 35.7%
Import Policy

Import Duty for Cored Wire Of Base Metal For Electric Arc- welding under HS CODE 83112000

HS Code 83112000
Description Cored Wire Of Base Metal For Electric Arc- welding
Customs Duty (%) 10%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 29.8%
Import Policy

Import Duty for For Treating Metal Including Electric Wire Coil- winders under HS CODE 84798100

HS Code 84798100
Description For Treating Metal Including Electric Wire Coil- winders
Customs Duty (%) 7.5%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 26.85%
Import Policy

People Also Ask

Which country is the major exporter of 1 Mm Electric Wire to India?

China, Malaysia, Germany, USA, Japan are the major exporters of 1 Mm Electric Wire to India.

Describe 1 Mm Electric Wire import industry in India?

1 Mm Electric Wire import industry in India is worth 315.91 USD Million in India in 2020-2021 (Apr-Nov). There are total of 91 countries from where India import’s quantity of 1 Mm Electric Wire.