How to
Import 2 Axle to India

Are you here to know how you can import 2 Axle to India? Well, Connect2India gives you the complete understanding about how to import 2 Axle to India, from where to import 2 Axle, at what price 2 Axle should be imported and also the best 2 Axle exporters in the world.

2 Axle

Summary for the Indian 2 Axle import

In FY 2020-2021 (Apr-Nov), Around 70.9 USD million of 2 Axle is imported from India to China. It is around 48.32% of the total import of 2 Axle.

  • The value of 2 Axle import from India in October 2020 is 30.8 USD million .
  • Major countries where 2 Axle was imported in October 2020 are China(20.84), Rep. of Korea(1.97), Thailand(1.31), Sweden(0.95), Japan(0.8).
S.no. Country Qty Value(USD Million) Month year
China 12611910 20.84 October 2020
Rep. of Korea 332250 1.97 October 2020
Thailand 124350 1.31 October 2020
Sweden 120270 0.95 October 2020
Japan 87730 0.8 October 2020
USA 70430 0.69 October 2020
Germany 89860 0.68 October 2020
Italy 38890 0.6 October 2020
Singapore 47160 0.59 October 2020
Netherlands 12800 0.38 October 2020
Brazil 29540 0.33 October 2020
Czech Rep. 84290 0.23 October 2020
United Kingdom 193050 0.21 October 2020
Hungary 53430 0.19 October 2020
Israel 34920 0.15 October 2020
Cyprus 10000 0.14 October 2020
France 9210 0.09 October 2020
Belgium 14040 0.08 October 2020
South Africa 550 0.08 October 2020
United Arab Emirates 34090 0.07 October 2020

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Import 2 Axle to India

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There are 77 distinct countries to import 2 Axle into India. Collectively India imported 146.73 USD Million of 2 Axle from those 77 countries in 2020-2021 (Apr-Nov) and USD Million in 2018, which is up by 6.23% than the 2 Axle imported into India the previous year. In 2017, countries exported around quantity of 2 Axle to India while in 2018, India’s 2 Axle import accounts to quantity from countries. This shows the rise of �% 2 Axle import in terms of quantity imported.

To import 2 Axle to India, the best countries according to Indian shipment records are China, Germany, Rep. of Korea, USA, Thailand . Together they sold 146.73 USD Million worth value of 2 Axle to India.

Overall the import of 2 Axle into India gain of 21.2% since 2014 when 2 Axle import shipments into India were valued at 266.63 USD Million. Year over year, the value of 2 Axle import from India up by 6.23% from 2017 to 2018.

The import reached an all time high of 323.16 USD Million during the year 2018.

Among the countries from where 2 Axle is imported to India, the fastest growing growing nations were Armenia,Montenegro and Cuba.

The countries from where India reduced their 2 Axle imports are Eritrea,French Polynesia and CHRISTMAS IS.

As an importer of 2 Axle, you should know the HS CODE of products at first.

Some HS Codes corresponding to 2 Axle are

S.No Product H.S Code
Axle boxes and parts thereof, for locomotives, n.e.s. 86079110
Axle boxes and parts thereof, of railway or tramway locomotives or rolling stock of heading 8603, 8604, 8605 or 8606, n.e.s. 86079910
AXLE BOXES (LBRCTNG GRS BOX) FR RAILWAYS 86071920
WHEEL AND AXLE 84589943

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

Top Global Markets for import 2 Axle to India in 2020-2021 (Apr-Nov)

S.NO. Country Quantity of import import value of 2 Axle
import 2 Axle to India from China 48520850 70.9
import 2 Axle to India from Germany 1710830 11.39
import 2 Axle to India from Rep. of Korea 6110340 10.05
import 2 Axle to India from USA 840180 9.63
import 2 Axle to India from Thailand 804389 8.46
import 2 Axle to India from Italy 659100 6.98
import 2 Axle to India from Japan 936040 5.75
import 2 Axle to India from Sweden 483040 4.86
import 2 Axle to India from Singapore 433960 3.18
import 2 Axle to India from Netherlands 159860 2.48

Product wise trends to Import 2 Axle to India in 2020-2021 (Apr-Nov)

S.NO. Code Name Quantity of import import value of 2 Axle
87085000 Drive axles with differential w/n providedwith other transmission components 8653470 72.53
86071910 Axles, wheels and wheel parts, of railway or tramway locomotives or rolling stock, n.e.s. 21157200 32.6
86071990 Parts of bogies, bissel-bogies and the like, of railway or tramway locomotives or rolling stock, n.e.s. 330090 6.53
86071920 Axle boxes (lbrctng/grs box) fr railways 1791440 3.36
86071930 Axles,wheels etc.for locomotives 71270 0.71

Import Duty for Wheel And Axle Lathes under HS CODE 84589943

HS Code 84589943
Description Wheel And Axle Lathes
Customs Duty (%) 7.5%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 26.85%
Import Policy

Import Duty for Axles Wheels For Coaches Van And Wagons (rolling-stock) under HS CODE 86071910

HS Code 86071910
Description Axles Wheels For Coaches Van And Wagons (rolling-stock)
Customs Duty (%) 10%
IGST 5%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 15.5%
Import Policy

Import Duty for Axles And Wheels For Locomotives under HS CODE 86071920

HS Code 86071920
Description Axles And Wheels For Locomotives
Customs Duty (%) 10%
IGST 5%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 15.5%
Import Policy

Import Duty for Axle Boxes (lubricating Or Grease Box) under HS CODE 86071930

HS Code 86071930
Description Axle Boxes (lubricating Or Grease Box)
Customs Duty (%) 10%
IGST 5%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 15.5%
Import Policy

Import Duty for Other Parts Of Axles And Wheels under HS CODE 86071990

HS Code 86071990
Description Other Parts Of Axles And Wheels
Customs Duty (%) 10%
IGST 5%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 15.5%
Import Policy

People Also Ask

Which country is the major exporter of 2 Axle to India?

China, Germany, Rep. of Korea, USA, Thailand are the major exporters of 2 Axle to India.

Describe 2 Axle import industry in India?

2 Axle import industry in India is worth 146.73 USD Million in India in 2020-2021 (Apr-Nov). There are total of 77 countries from where India import’s quantity of 2 Axle.