The Highest Ever Export in Electronic Goods of India Reported in Dec
18 March 2021
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.
