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Date: 27/01/2025

Smartphones become India’s second-largest export category

Smartphones have emerged as India’s second-largest export category, according to Harmonized System (HS) codes used for international trade  classification by the World Trade Organization (WTO). The segment is now vying for the top spot, challenging automotive diesel fuel exports. Commerce Ministry data reveals that smartphone exports reached $13.1 billion in the April-November period of FY25, securing the second position among HS code-based export categories. This represents a 46% increase over the $8.9 billion in smartphone exports during the same period of the last financial year. In FY24, smartphones ranked fourth during the April-November period but have now climbed two spots to second place. Apple Inc., through its iPhones, accounted for two-thirds of India’s smartphone exports during the period under review, underscoring the impact of the production-linked incentive (PLI) scheme. Automotive diesel fuel, India’s top export item for long, was $10 billion ahead of smartphones during April-November FY24, said a report.
 
Source: Exim News Service: New Delhi, Jan. 26



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