The Highest Ever Export in Electronic Goods of India Reported in Dec

18 March 2021
India Export Data

Electronics export from India reached the highest by a number of ₹8,806 Crore, as per stated by India Cellular and Electronics Association (ICEA) for the month of December, on Tuesday (05th March 2021). India electronics exports recorded mobile phones accounting for 35% alone in the electronics export data of India, as per added by an official of ICEA. Value for the export of mobile phones was counted to 3,061 Crore accordingly to same electronics export data of India. This is 50% higher than December 2019 compared to the pre-pandemic India electronics exports bestowing to the electronics export data of India.

 

During the pandemic, in the year 2020, the production of electronics was completely shut down for a complete period of 45 days. According to the same official from ICEA, electronics export data of India shows that electronics goods exports from India for the current year have surpassed and has helped overcome the situations that existed in pre-pandemic timing by crossing 50,000 Crore. Pandemic brought the market value of electronics tragically down as compared to 2019. The electronics export data of India below shows the total export value for electronics of India electronics exports in the year 2020:

 

Month

Total Export Value (In USD Billion)

January

23.8

February

28.1

March

18.7

April

11.2

May

18.5

June

22.9

July

22.3

August

21.3

September

23.7

October

24.9

November

21.6

December

26.6


Top Export Partners of India for Electronics Good

 

Countries demanded for electronics good export from India were accordingly to the electronics export data of India provided below. As we can observe here, India received a total value for exports in Hong-Kong for value $56,327 USD Thousand, followed by UAE for value $55,437 USD Thousand, and so on.

 

Countries

Export Value (In USD Thousand)

Hong Kong, China

56,327

UAE

55,437

Israel

50,581

Vietnam

12,156

USA

11,825

South Korea

11,111

Singapore

9,268

China

9,183

Brazil

7,870

Ireland

6,457

 

 

It is to be duly noted that during the pandemic, electronics goods exported from India were impacted at a large scale. The electronics industry made sizable investments of more than 2,000 Crores. Mobile phones’ sector, to be specific, made demands fulfilled in the domestic market during the pandemic along with exports more than 14,000 Crores till December 2020.

 

ICEA official has also added that deployment of the Remission of duties and Taxes on Exported Products (RoDTEP) scheme would create a boost for electronics good export from India more than what we are seeing the results of December 2020. The body of ICEA had written to the government of India, enquiring for RoDTEP to be introduced before the Union Budget of 2021. ICEA suggested that the government should decrease the custom duties on certain components rather than increasing the custom duty.

 

According to ICEA, the industry is overcoming the challenges it faced during the COVID outbreak. As further added by ICEA, right now, the industry is on the verge of regaining its “momentum envisaged in the National Policy on Electronics (NPE 2019)”.

 

You can get the latest electronics export data of India from ExportGenius for your business.


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