Subheading 8523.21 · Section XVI

8523.21

Magnetic media; cards incorporating a magnetic stripe, whether or not recorded, excluding products of Chapter 37

85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

8523 Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, excluding products of Chapter 37

8523.21 Cards incorporating a magnetic stripe, whether or not recorded, excluding products of Chapter 37

India's exports of 8523.21 2025

US$ 518 thousand

exported in 2025, down 26.9% on 2024, to 20 countries.

Five-year trend

2021: US$ 1.5 mn

2022: US$ 659 thousand

2023: US$ 513 thousand

2024: US$ 709 thousand

2025: US$ 518 thousandUS$ 518 thousand

20212022202320242025

Top 5 markets in 2025

1 United Arab Emirates US$ 193 thousand37.3% share +180.2%
2 South Africa US$ 128 thousand24.8% share −15.3%
3 United States US$ 107 thousand20.7% share −36.3%
4 Japan US$ 44 thousand8.5% share new
5 Sri Lanka US$ 16 thousand3.1% share +1,271.6%

Other 15 countriesUS$ 29 thousand · 5.6%

Source: UN Comtrade database (United Nations Statistics Division), as reported by India. Values in US$, calendar years. Updated Oct 2026. Check these markets' country risk ›

Where India sells it 63 markets

Every market for this product, with its growth, share, ECGC rating and any trade agreement with India. Use it to spot markets that are growing, sizeable and low-risk.

Region ECGC rating Trade agreement in force Growing

Market	Value 2025	Share	Change	Yearly growth	ECGC rating	Trade agreement

ECGC ratings are ECGC's short-term country classification (see the ratings page); putting them beside trade figures is Exportsmitra's own analysis, not ECGC's. Yearly growth is the average over the years shown.

Other subheadings under 8523

India against its competitors heading 8523

India's share of each market's imports of 8523, and who else sells there.

Market	Its imports	India's share	Leading suppliers
United States 2025 🇰🇷 South Korea24% 🇹🇼 Taiwan21% 🇲🇾 Malaysia15% 🇻🇳 Vietnam11% 🇸🇬 Singapore6.8% 🇹🇭 Thailand4.7% 🇮🇳 India0.3% · 16th	20.1 bn	0.3%16th	South Korea 24% Taiwan 21%
Germany 2025 🇨🇳 China24% 🇰🇷 South Korea9.1% 🇯🇵 Japan7.5% 🇹🇼 Taiwan7.4% 🇫🇷 France6.9% 🇨🇿 Czech Republic6.6% 🇮🇳 India0.7% · 21st	2.71 bn	0.7%21st	China 24% South Korea 9.1%
Poland 2025 🇩🇪 Germany20% 🇨🇳 China19% 🇮🇪 Ireland10% 🇳🇱 Netherlands5.5% 🇸🇬 Singapore5.1% 🇲🇾 Malaysia5.0% 🇮🇳 India1.4% · 16th	958 mn	1.4%16th	Germany 20% China 19%
France 2025 🇩🇪 Germany13% 🇲🇾 Malaysia12% 🇨🇳 China11% 🇨🇿 Czech Republic7.3% 🇸🇬 Singapore6.6% 🇮🇪 Ireland4.6% 🇮🇳 India0.7% · 22nd	1.82 bn	0.7%22nd	Germany 13% Malaysia 12%
South Africa 2025 🇨🇳 China49% 🇹🇼 Taiwan7.7% 🇸🇬 Singapore7.6% 🇵🇱 Poland5.7% 🇮🇳 India5.5% 🇲🇾 Malaysia3.4%	216 mn	5.5%5th	China 49% Taiwan 7.7%
China 2025 🇹🇼 Taiwan17% 🇮🇪 Ireland13% 🇸🇬 Singapore12% 🇺🇸 United States8.7% 🇩🇪 Germany7.1% 🇲🇾 Malaysia7.0% 🇮🇳 India0.2% · 28th	5.17 bn	0.2%28th	Taiwan 17% Ireland 13%
United Arab Emirates 2023 🇨🇳 China29% 🇦🇹 Austria17% 🇹🇼 Taiwan13% 🇲🇾 Malaysia8.5% 🇯🇵 Japan5.6% 🇰🇷 South Korea5.3% 🇮🇳 India1.0% · 14th	780 mn	1.0%14th	China 29% Austria 17%
Netherlands 2025 🇰🇷 South Korea33% 🇨🇳 China15% 🇺🇸 United States13% 🇩🇪 Germany5.7% 🇹🇼 Taiwan4.3% 🇲🇾 Malaysia3.9% 🇮🇳 India0.3% · 27th	2.67 bn	0.3%27th	South Korea 33% China 15%
United Kingdom 2025 🇨🇳 China18% 🇹🇼 Taiwan12% 🇺🇸 United States11% 🇦🇹 Austria8.8% 🇩🇪 Germany7.6% 🇲🇾 Malaysia5.9% 🇮🇳 India0.5% · 21st	1.33 bn	0.5%21st	China 18% Taiwan 12%
Turkey 2025 🇨🇳 China51% 🇷🇴 Romania8.5% 🇺🇸 United States8.0% 🇩🇪 Germany3.9% 🇹🇼 Taiwan3.7% 🇲🇾 Malaysia3.1% 🇮🇳 India1.4% · 10th	350 mn	1.4%10th	China 51% Romania 8.5%

The markets that buy the most 8523 where India has under 5%: openings, or where others are stronger.

Market	Its imports	India's share	Leading suppliers
United States 2025 🇰🇷 South Korea24% 🇹🇼 Taiwan21% 🇲🇾 Malaysia15% 🇻🇳 Vietnam11% 🇸🇬 Singapore6.8% 🇹🇭 Thailand4.7% 🇮🇳 India0.3% · 16th	20.1 bn	0.3%16th	South Korea 24% Taiwan 21%
Hong Kong 2025 🇨🇳 China55% 🇰🇷 South Korea13% 🇹🇼 Taiwan9.9% 🇻🇳 Vietnam8.2% 🇲🇾 Malaysia4.9% 🇸🇬 Singapore2.1% 🇮🇳 India<0.1% · 21st	8.62 bn	<0.1%21st	China 55% South Korea 13%
Mexico 2025 🇰🇷 South Korea23% 🇲🇾 Malaysia18% 🇹🇼 Taiwan16% 🇨🇳 China12% 🇵🇭 Philippines8.1% 🇻🇳 Vietnam7.5% 🇮🇳 India<0.1% · 25th	5.19 bn	<0.1%25th	South Korea 23% Malaysia 18%
China 2025 🇹🇼 Taiwan17% 🇮🇪 Ireland13% 🇸🇬 Singapore12% 🇺🇸 United States8.7% 🇩🇪 Germany7.1% 🇲🇾 Malaysia7.0% 🇮🇳 India0.2% · 28th	5.17 bn	0.2%28th	Taiwan 17% Ireland 13%
Thailand 2025 🇨🇳 China33% 🇸🇬 Singapore32% 🇲🇾 Malaysia23% 🇹🇼 Taiwan4.4% 🇯🇵 Japan3.9% 🇰🇷 South Korea1.3% 🇮🇳 India<0.1% · 13th	3.58 bn	<0.1%13th	China 33% Singapore 32%
Singapore 2025 🇹🇭 Thailand27% 🇲🇾 Malaysia22% 🇹🇼 Taiwan20% 🇰🇷 South Korea9.2% 🇨🇳 China8.7% 🇻🇳 Vietnam5.7% 🇮🇳 India<0.1% · 22nd	3.36 bn	<0.1%22nd	Thailand 27% Malaysia 22%
South Korea 2025 🇻🇳 Vietnam45% 🇨🇳 China20% 🇹🇼 Taiwan13% 🇺🇸 United States4.2% 🇲🇾 Malaysia3.1% 🇭🇰 Hong Kong3.0% 🇮🇳 India<0.1% · 27th	2.92 bn	<0.1%27th	Vietnam 45% China 20%
Germany 2025 🇨🇳 China24% 🇰🇷 South Korea9.1% 🇯🇵 Japan7.5% 🇹🇼 Taiwan7.4% 🇫🇷 France6.9% 🇨🇿 Czech Republic6.6% 🇮🇳 India0.7% · 21st	2.71 bn	0.7%21st	China 24% South Korea 9.1%
Netherlands 2025 🇰🇷 South Korea33% 🇨🇳 China15% 🇺🇸 United States13% 🇩🇪 Germany5.7% 🇹🇼 Taiwan4.3% 🇲🇾 Malaysia3.9% 🇮🇳 India0.3% · 27th	2.67 bn	0.3%27th	South Korea 33% China 15%
Malaysia 2025 🇹🇼 Taiwan20% 🇸🇬 Singapore18% 🇨🇳 China14% 🇹🇭 Thailand13% 🇺🇸 United States9.4% 🇰🇷 South Korea8.7% 🇮🇳 India<0.1% · 22nd	2.14 bn	<0.1%22nd	Taiwan 20% Singapore 18%

US$ million. Each market's own import figures as reported to UN Comtrade (the year shown; some countries report late), so they differ from India's export figures above. Open a market for its six biggest suppliers. Exportsmitra's figures, not ECGC's.

Source: Harmonized System 2022 edition (World Customs Organization), from the UN Comtrade classification list.