Electronic goods exports increase by 49% in 2021

“With $11 billion exports achieved in the first three quarters of FY22, the sector is set to break all-time record highs, far exceeding the previous high of $11.7 billion recorded in FY20,” the ministry said in a statement

January 31, 2022

India’s electronic goods exports stood at US$11 billion over US$7.4 billion as compared to the corresponding period last year.

The US and UAE were the top two destinations that contributed to the growth in India’s electronic exports.

The overall exports of electronics were US$ 11.11 billion.

During December 2021, the electronic goods exports stood at US$1.67 billion accounting for a growth of 33.9% over US$1.25 billion logged in December 2020.

During April-December 2021, India’s electronic goods exports increased by 49% in 2021 at US$11 billion over US$ 7.4 billion during the corresponding period last year. The US and UAE were the top two destinations that contributed to the exports of electronic goods, according to the Commerce and Industry Ministry.

The overall exports of electronics were US$ 11.11 billion. During December 2021, the electronic goods exports stood at US$1.67 billion accounting for a growth of 33.9% over US$1.25 billion logged in December 2020. 

According to the statement, the five export destinations that rank among the top were the US accounting for 18% share, UAE accounting for 16.6% share, China, Germany and the Netherlands accounting for 7.6%, 4.5% and 4.2% respectively. 

Mobile phones contribute a major chunk to the country’s electronics exports. This sector includes IT hardware, consumer electronics, industrial electronics, auto electronics, electronic components, LED lighting, strategic electronics, PCBA, wearables and hearables, as well as telecom equipment.