Between April and July quarter this year, India has exported smartphones worth more than Rs 80 crore to the United Arab Emirates (UAE). Smartphones have become the single item that India is sending to UAE in the largest quantity. Let us tell you, UAE is India’s second largest export market. Smartphone shipments in the West Asian country overtook petroleum products such as gasoline and aviation turbine fuel between the April and July quarter. Generally, aviation turbine fuel has been the biggest item exported to UAE but this time smartphones have overtaken it.
This time 25% more smartphones were exported than last year
Smartphone exports to the UAE totaled $836.36 million in the April to July period of this financial year, which is 25.7% higher year-on-year. That means, this time between April and July, India has sent smartphones worth more than 83 crores to UAE. Smartphone shipments exceed exports of $723.3 million of aviation turbine fuel and $551.6 million of gasoline.
America is also buying smartphones from India
The US is also buying smartphones made in India and has emerged as the largest importer of smartphones, purchasing smartphones worth $1.67 billion from India in April-July, which is 489.4% more than the same period last year. The US is also the largest export market for India and smartphones and has the second largest share in the export basket after diamonds. In April-July, India exported a total of smartphones worth $4.15 billion, showing a growth of 99% year-on-year. After UAE and America, Netherlands, UK and Italy are the biggest buyers of smartphones made in India.
US becomes the biggest market
Total exports of smartphones from India in FY23 were $10.9 billion. The UAE was India’s biggest market this year with sales of $2.56 billion. After UAE, America was in second place with sales of $2.15 billion. In the first two months of this financial year itself, the US became the top market for India’s smartphones and India exported a total of smartphones worth $4.15 billion.