New Delhi: India’s smartphone exports to the surged 54.3 % on year to $ 3.53 billion in April-December of this year. India’s market share in the US has reached It also made India third biggest smartphone exporter to the US.
During this nine-month period, China’s share in the US market declined to 70.9% from 77.7% in the year ago period. The US smartphone imports from top five suppliers also declined during April-December his year to $ 45.1 billion from $ 49.1 billion a year ago. China exported $35.1 billion worth of smartphones to the US market in April-December, down from $38.26 billion last year.
Vietnam, the second biggest exporter of smartphones to the US, has seen its market share decline to 12% from 19%. Its shipments of phones declined to $ 5.47 billion in April- December 2023 from $ 9.36 billion in the same period of previous year.
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Other two smartphone exporters to the US are South Korea and Hong Kong. South Korea has also increased its sales in the US to $ 858 million from $ 432 million while Hong Kong’s sales are down to $ 112 million from $ 132 million in 2022.
Smartphone exports from India touched s $10.9 billion in 2022-23. This year exports have already touched $ 10.5 billion in April-December, growing at 46% on year.
In 2022-23 UAE was the biggest market for India-made smartphones but by May 2023 the US had overtaken it. The UAE, however, still remains at number two with shipments of $2 billion. It is followed by the UK, Netherlands and Czech Republic.
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