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All You Need to Know About Electronics Import and Export from India

Electronics Import and Export from India

Key Highlights: 

  • India's total export size has increased in FY'24; by 2030, the nation's electronics exports are predicted to reach US$61 billion.
  • Global corporations are investing more and more in India's electronics sector, especially American businesses. Korea and Japan have made investments in India's consumer durable, automotive, and electronics sectors in the interim.
  • According to electronics export data, the United States and the United Arab Emirates are the two biggest markets for Indian electronic goods, with the UK and the Netherlands also receiving a substantial portion of exports.
  • The top electronics exporters in India are Samsung India Electronics Pvt. Ltd., Sony India Pvt. Ltd., and LG Electronics India Pvt. Ltd.
  • The top electronic goods export from India include mobile phones, computer hardware, consumer electronics, electronic components, and medical electronics. 

In the global electronics sector, India has become a major player, both as an importer and an exporter. The nation presents a profitable opportunity for global electronics makers and traders due to its large population, expanding economy, and proficient labour force. 

Also, India is the 6th largest importer and 4th largest exporter of electronics goods worldwide. In this blog, we will provide accurate insights on electronics exports from India and electronics import in India. We will also explore a comprehensive list of top electronics exporters and importers of electronics in India.

What are India's Electronics Exports in FY24?

In 2023–24 (FY24), India exported $29.12 billion worth of electronics goods, up 23.6% from the previous year despite a 3% decline in all exports from the nation. Based on electronics export data, India's electronics exports reached 6.6% in FY24, driven by smartphone manufacturing and the PLI scheme.

India electronics exports


Electronics exports from India are anticipated to rise from US$28 billion in 2023 to US$61 billion in 2030, a more than twofold increase.

With electronics exports of $9.56 billion in FY24—a 78% increase from the previous year—Tamil Nadu continued to be India's leading exporter of electronics, accounting for 32.84% of the country's total.

It boasts more than fifteen of the top electronics producers, such as Foxconn, Tata Electronics, Salcomp, and Pegatron.

Electronics Exports from India: Major Export Destinations

Here is the updated table for export destinations of electronics.

Rank

Country

Percentage of Total Exports

1 United States 33%
2 United Arab Emirates 12%
3 United Kingdom 5%
4 Netherlands 5%
5 Italy 4%
6 Vietnam 3%
7 Germany 3%
8 Singapore 3%
9 Malaysia 2%
10 France 2%

So, these are the major export destinations for India’s electronics items. In FY24, the US, United Arab Emirates, Netherlands, United Kingdom, and Italy ranked as India's top five export destinations for electronics. However, if you need the updated list of electronics exporters in India and electronics HS codes, connect with Seair Exim Solutions. 

Top Electronics Exporters in India

Here is the list of major exporters of electronics goods in India: 

  • Samsung India Electronics Pvt. Ltd
  • Sony India Pvt. Ltd.
  • LG Electronics India Pvt. Ltd
  • Wipro Consumer Care and Lighting
  • Tata Elxsi Ltd
  • HCL Technologies Ltd.
  • Maxim Integrated Products India Pvt. Ltd.
  • Jabil Circuit India Pvt. Ltd.
  • Micromax Informatics Ltd.
  • Bharat Electronics Limited (BEL) 

So, they are the top electronics exporters in India. Visit Seair Exim Solutions and connect with our team of exporters, who will help you with electronics exports from India effectively and efficiently. 

Electronics Import and Export data


Source: PIB

All About Electronics Import in India

India's telecom, electrical, and electronic product imports increased to USD 89.8 billion in 2023–2024.

According to a report by the economic think tank GTRI, more than half of these imports come from China and Hong Kong.

With 43.9% of India's electronics, telecom, and electricity imports, China is in the lead.

Electronic products such as transistors, diodes, and related semiconductor devices are imported into India. Similarly, India's primary electronics imports include communication devices, such as phones and other wireless devices, electric accumulators, and batteries for various uses.

Top Electronic Importers in India

Here is the list of major importers of electronics goods in India: 

  • Isotex Corporation Private Limited
  • Asian Electronics
  • GM Modular Private Limited
  • YC Electric Vehicle Private Limited
  • Reliance Industries
  • Smith Therm Private Limited
  • Malde Manufacturing MFG Co. 
  • Universal Wire Works
  • JCBL India Private Limited
  • S.W. Impex Private Limited

So, they are the top electronic importers in India. If you want to be one of them, explore electronic import data at our website, Seair Exim Solutions, and get 24/7 assistance that will help you get market insights, a list of top buyers and suppliers, electronics exports by country and all the other details required to import electronics in India successfully.

What are the Top Electronic HS codes?

Here is the table that represents the top electronic HS codes: 

Electronics HS Codes

Product Description

8542 Electronic integrated circuits
85423100 Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clocks and timing circuits
8517 Telephone sets, including telephones for Cellular Networks or for Other Wireless Networks
8536 Electrical Apparatus for Switching or Protecting Electrical Circuits
8507 Electric Accumulators, including separators; therefore, Whether or Not Rectangular
8415 Air Conditioning Machines, Comprising a motor-driven Fan
85184000 Audio-frequency electric amplifiers
8532 Electrical Capacitors, Fixed, Variable or Adjustable

So, these are the most popular electronic HS codes in India and worldwide. To get more details, obtain electronics export data, and explore all the details of electronics exports from India and more.

What are the Top Electronic Goods Traded in India?

Here is the list of most exported and most imported electronics items: 

S.No.

Electronic Goods Exported from India

Electronic Goods Imported in India

1 Mobile phones Radar Apparatus, Radio Navigational Aid Apparatus
2 Computer hardware Video recording or reproducing apparatus
3 Consumer electronics Turntables, Record-players
4 Electronic components Electric signal, safety, or traffic control equipment
5 Medical electronics Records, tapes, and other recorded media

So, here is the list of India's most traded electronics goods. So, to get the complete list of top electronics exports from India and top electronics import in India Shipment values, import and export destinations, top electronics exporters in India, and more, explore electronic export data and electronic import data at Seair Exim Solutions.

How to Get Electronics Electronic Export and Import Data?

To find out the updated list of electronic exports and imports products or need updated insights on electronics export from India or electronics import in India, visit Seair Exim Solutions and acquire global trade products data hassle-free. 

We provide trustworthy, up-to-date, and authentic international trade data for more than 120+ nations. You can get import and export data on our platform with just one subscription at an affordable price. 

Conclusion

The government's policies, better infrastructure, and skilled workforce have all contributed to India's electronic goods market's growth, which has grown significantly in recent years, making the nation both a net importer and a prominent exporter of electronic goods.

If you want to engage in the fruitful business of importing or exporting electronics, explore the finest electronics import and export data from Seair Exim Solutions. Click here to connect with us.

Frequently Asked Questions (FAQs)


Q1. Who is the biggest exporter of electronics in India?

As per electronics export data, the biggest exporter of electronics in India is Samsung India Electronics Pvt. Ltd.

Q2. Does India export electronic goods?

Yes, India's total export size has increased in FY'24; by 2030, the nation's electronics exports are predicted to reach US$61 billion.

Q3. Who is the world's largest exporter of electronics?

Based on electronics exporter data, the world’s largest exporter of electronics is China, with an export value of $1,368 billion in 2023.

Q4. Can I import used electronics in India?

Importing unregistered, non-compliant second-hand electronics and IT equipment is forbidden by India's Commerce Ministry unless they are registered with the Bureau of Indian Standards (BIS) and meet the BIS's labeling criteria.

Q5. Which country imports the most electronics?

As per electronics import data, the United States was the world's largest importer of electronics, with an estimated value of $449 billion in 2022.

Q6. What is the HS Code for electronic items?

The Harmonized System (HS) code for electronic items is 96138010. However, some other HS codes for electronic items are: 85423100, 8536, and 85184000.

Q7. What electronics does India import?

Based on India import export data, India imports electronic components such as printed circuit boards, integrated circuits, advanced displays, and camera modules.

 

Electronics Exports Globally


Electronics exports from India to the USA

Electronics exports from India to UAE

Electronics exports from India to Vietnam
 

Electronics Import in India

electronics import data                electronics importers list

 

Top Electronics HS code

electronics HS code: 85369090

electronics HS code: 90328910

electronics HS code: 85423100

  • Seair Exim
  • 28-Aug-2024

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