T3 · Product exporter position

India exports of Mechanical shovels, excavators and shovel loaders: n.e.c. in item no. 8429.50 (HS 842959)

See where India stands in mechanical shovels, excavators and shovel loaders: n.e.c. in item no. 8429.50: export scale, destination breadth, market position, growth, and reported trade history.

Exporter INDHS6 842959Latest year 2024Rapid growth

Latest exports

$462.5MLatest observed lane total

Destination markets

146Reported active markets

Three-year growth

+12.8%Annualized change

Destination HHI

681Destination concentration

Weighted share

35.9%Reported market position

Exporter evidence

How strong is India in Mechanical shovels, excavators and shovel loaders: n.e.c. in item no. 8429.50?

Reported exporter totals and calculated indicators for HS 842959. Values retain their observed coverage period.

Exporter scale

Latest exports$462.5M
Current 2024 exports$456.1M
Three-year average$428.2M
Historical peak$751.3M

Market position

Active destinations146
Destination HHI681
Weighted share35.9%
Share change+3.6 pp

Competitiveness

Three-year growth+12.8%
Volatility1.3
Maximum drawdown82.8%
TrendRapid growth
MeasureValueWhat it describes
ExporterIndiaCountry represented by this profile
Latest observed exports$462.5MSum of latest observed destination-lane values
Current 2024 exports$456.1MCommon-year comparison where reported
Three-year growth+12.8%Annualized change in exporter totals
Five-year growth+17.1%Annualized change in exporter totals
Leading destinationMEXDestination with the largest observed export value
Leading destination share14.3%Share of observed exporter totals
Destination concentration681HHI across destination markets
Weighted share change+3.6 ppValue-weighted latest change in market share
Limited-history lanes20%Share of lanes with shorter history

Destination markets

Where does India sell mechanical shovels, excavators and shovel loaders: n.e.c. in item no. 8429.50?

Leading destination observations ranked by reported export value, with market position and access context.

DestinationLatest exportsMarket shareGrowthAccessSignal
Mexico$66.3M17.4%+85.2%0.1% tariffAccelerating
South Africa$63.1M75.6%+12.4%0.1% tariffAccelerating
United Arab Emirates$54.1M35.8%+78.7%0.1% tariffAccelerating
Saudi Arabia$37.0M56.7%+43.2%0.1% tariffGrowing
Brazil$17.8M32.5%+175.4%0.3% tariffGrowing
Algeria$17.0M74.8%+41.6%0.2% tariffAccelerating
Russia$16.7M4.4%-23%0.1% tariffGrowing
Malaysia$15.4M47.2%+25.7%FTA reportedAccelerating
USA, Puerto Rico and US Virgin Islands$14.1M3.2%+310.8%0% tariffGrowing
Nepal$11.6M79.5%-41.3%FTA reportedAccelerating

Destination

Mexico

Latest exports
$66.3M
Market share
17.4%
Growth
+85.2%
Access
0.1% tariff
Signal
Accelerating

Destination

South Africa

Latest exports
$63.1M
Market share
75.6%
Growth
+12.4%
Access
0.1% tariff
Signal
Accelerating

Destination

United Arab Emirates

Latest exports
$54.1M
Market share
35.8%
Growth
+78.7%
Access
0.1% tariff
Signal
Accelerating

Destination

Saudi Arabia

Latest exports
$37.0M
Market share
56.7%
Growth
+43.2%
Access
0.1% tariff
Signal
Growing

Destination

Brazil

Latest exports
$17.8M
Market share
32.5%
Growth
+175.4%
Access
0.3% tariff
Signal
Growing

Destination

Algeria

Latest exports
$17.0M
Market share
74.8%
Growth
+41.6%
Access
0.2% tariff
Signal
Accelerating

Destination

Russia

Latest exports
$16.7M
Market share
4.4%
Growth
-23%
Access
0.1% tariff
Signal
Growing

Destination

Malaysia

Latest exports
$15.4M
Market share
47.2%
Growth
+25.7%
Access
FTA reported
Signal
Accelerating

Destination

USA, Puerto Rico and US Virgin Islands

Latest exports
$14.1M
Market share
3.2%
Growth
+310.8%
Access
0% tariff
Signal
Growing

Destination

Nepal

Latest exports
$11.6M
Market share
79.5%
Growth
-41.3%
Access
FTA reported
Signal
Accelerating

Price intelligence

How does India's price position vary?

Price comparisons are shown where market-level unit-value observations are available. They describe reported trade values and quantities, not quoted selling prices.

Highest reported price

Malta: $23.3K / ton.

Lowest reported price

Poland: $871.6 / ton.

Median price

$6.5K / ton across reported markets.

Export trend

Reported export history

Annual observations for India and HS 842959 where available.

YearExportsYear-on-year changeActive destinations
2010$28.7M+4.9%49
2011$56.1M+95.2%61
2012$61.1M+8.9%73
2013$102.5M+67.9%80
2014$121.6M+18.7%82
2015$129.2M+6.2%105
2016$159.7M+23.7%105
2017$231.1M+44.6%110
2018$270.3M+17%122
2019$207.4M-23.3%127
2020$163.9M-21%135
2021$317.5M+93.7%152
2022$405.7M+27.8%148
2023$422.6M+4.2%151
2024$456.1M+7.9%146

Exporter context

India economy and trade network

The exporter profile adds country-level trade and structural context to the selected product position. These indicators describe the country overall and are not limited to HS 842959.

India has reported exports of $434.2B and a trade balance of -$221.5B in 2024.

Available structural indicators include 24.9% trade openness, 35.7% investment, and 270 active trade partners.

Reported values

Export totals and destination values describe reported merchandise trade for the stated exporter, HS6 classification, and available year.

Calculated indicators

Growth, concentration, weighted share, volatility, drawdown, and price comparisons are calculated from reported observations.

Coverage

Missing values remain “Not reported”. Country-level indicators are presented separately from product-level observations.

Frequently asked questions

Questions about India mechanical shovels, excavators and shovel loaders: n.e.c. in item no. 8429.50 exports

Quick answers based on the figures and coverage shown on this page.

How strong is this exporter?

Use latest exports, destination breadth, growth, concentration, and weighted share together rather than relying on one measure.

Which markets are most important?

The destination table ranks reported markets by the latest observed export value.

Does the price section show quotes?

No. It summarizes reported trade value and quantity observations converted to unit values.

What should be checked next?

Compare this exporter with buyer markets, corridors, and the product overview before making a commercial decision.