{"id":1284239,"date":"2024-08-11T17:41:26","date_gmt":"2024-08-11T12:11:26","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1284239"},"modified":"2024-08-11T17:41:46","modified_gmt":"2024-08-11T12:11:46","slug":"usa-imported-record-76-lakh-smartphones-from-india-exports-to-russia-surge-by-700","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/usa-imported-record-76-lakh-smartphones-from-india-exports-to-russia-surge-by-700\/","title":{"rendered":"USA Imported Record 76 Lakh Smartphones From India; Exports To Russia Surge By 700%"},"content":{"rendered":"\n

It appears that India is shaping up to be a major exporter of the devices Which is a 360 degree change from earlier status of being an importer of smartphones, holds a great significance.<\/p>\n\n\n\n

\"USA<\/figure>\n\n\n\n

US Leads For Top Destination For Indian Made Smartphones<\/strong><\/p>\n\n\n\n

As per this development<\/a>,  the US imported the highest 7.6 million units, followed by 3.8 million shipped to the UAE. <\/p>\n\n\n\n

In terms of revenue, Russia paid more per unit despite a 700 percent surge in volume.<\/p>\n\n\n\n

Not only that, the top two importers of Indian-made smartphones together made up nearly half of the 26 million exports to 91 countries in the first five months of 2024, as presented in a Moneycontrol analysis of commerce ministry data.<\/p>\n\n\n\n

This appears to be a big leap from 21.5 million smartphones India had exported in 2023 and 5.8 million in 2022. <\/p>\n\n\n\n

For January-May 2024, India\u2019s smartphone exports grew 20 percent from the previous year and  US shipments surged 71 percent.<\/p>\n\n\n\n

In case of Exports to the UAE, it has declined by 37.8 percent due to the countries from the European Union raising the imports by over 30 percent from India.<\/p>\n\n\n\n

Russia Offering The Best Price<\/strong><\/p>\n\n\n\n

Here the good news is that the growth in India\u2019s smartphone exports seems to have continued in the first six months of the year, as per the sources.<\/p>\n\n\n\n

The country exported $10 billion smartphones in the January-June period of 2024, a third higher than $7.5 billion in the first half of 2023.<\/p>\n\n\n\n

This is the result of the Smartphone shipments from the country which has grown 42.2 percent in FY24 to $15.6 billion, out of these 65 percent were Apple iPhones.<\/p>\n\n\n\n

 In terms of value per item, interestingly it was neither the US, UAE or their European counterparts that paid the most per smartphone, but Russia and Belarus.<\/p>\n\n\n\n

Reportedly, the smartphone cost was $604 for Belarus and $600 for Russia in the first five months of 2024.<\/p>\n\n\n\n

This was earlier $452 for the US and $320 per shipment for the total exports.<\/p>\n\n\n\n

It seems that Russia paid 15 percent more per smartphone at the same time for the US, the cost was up only 2 percent from the previous year.<\/p>\n\n\n\n

Besides this, Russia has also trumped most of the other countries in terms of imports from India.<\/p>\n\n\n\n

The country has registered an over 700 percent rise, moving eight ranks to 17 from 25 in top nations receiving India\u2019s exports.<\/p>\n\n\n\n

Similarly, the US replaced the UAE as the top importer of Indian-made smartphones.<\/p>\n\n\n\n

In this race, Netherlands was replaced by Austria and the UK as top export destinations.<\/p>\n\n\n\n

These figures also represent that the Smartphone exports have become more spread out during this period.<\/p>\n\n\n\n

It is also noteworthy here that the share of top 10 destinations in India\u2019s smartphone exports fell from 88 percent to 85 percent, with destinations including  Belarus, Russia and Mexico gaining ground.<\/p>\n","protected":false},"excerpt":{"rendered":"

It appears that India is shaping up to be a major exporter of the devices Which is a 360 degree change from earlier status of being an importer of smartphones, holds a great significance. US Leads For Top Destination For Indian Made Smartphones As per this development,  the US imported the highest 7.6 million units, […]<\/p>\n","protected":false},"author":25,"featured_media":1284246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[5849,156],"class_list":["post-1284239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-exports","tag-smartphones"],"acf":[],"yoast_head":"\nUSA Imported Record 76 Lakh Smartphones From India; Exports To Russia Surge By 700% - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/usa-imported-record-76-lakh-smartphones-from-india-exports-to-russia-surge-by-700\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USA Imported Record 76 Lakh Smartphones From India; Exports To Russia Surge By 700% - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"It appears that India is shaping up to be a major exporter of the devices Which is a 360 degree change from earlier status of being an importer of smartphones, holds a great significance. 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