India exports of smart phones to US surges 5x surpassed petrol products, diamonds

By Anjali Sharna

WASHINGTON – According to Indian government data on Sunday said that the exports of smart phones from India has surged fivefold to the US and about fourfold to Japan in the past three years, propelled the segment to surpass petroleum products and diamonds as the country’s top exported goods.

The smartphone exports rose by 55 per cent to USD 24.14 billion in 2024-25 from USD 15.57 billion in 2023-24 and USD 10.96 billion in 2022-23.

The top 5 nations where India registered the highest growth in smartphone exports were the US, the Netherlands, Italy, Japan, and the Czech Republic in the last fiscal.

Data said that the exports to the US alone rose from USD 2.16 billion in 2022-23 to USD 5.57 billion in 2023-24 and USD 10.6 billion in 2024-25.

Shipments to Japan surged from USD 120 million in 2022-23 to USD 520 million in FY25, it noted.

The exports from the sector have experienced a healthy surge, transforming the country into a major global manufacturing and export hub, it said.

Exports to the Netherlands increased to USD 2.2 billion in the last fiscal from USD 1.07 billion in 2022-23. Similarly, shipments to Italy rose to USD 1.26 billion from USD 720 million.

The data showed that the Czech Republic, shipments rose to USD 1.17 billion from USD 650 million.

According to the released data by the government, India’s merchandise exports grew 9.03 per cent year-on-year to USD 38.49 billion in April, while the imports during the month rose 19.12 per cent to USD 64.91 billion, resulting in a trade deficit of USD 26.42 billion.

India’s total exports, including Merchandise and Services, for April is estimated at USD 73.80 Billion, registering a positive growth of 12.70 per cent compared to last year.

The total Merchandise and Services imports for is estimated at USD 82.45 Billion, registering a positive growth of 15.72 per cent, the data concluded.