Electronics Exports News Today

The impact is most pronounced in the UK and US, where geopolitical tensions with China have increased in recent years.

The import duty on parts such as battery covers, main camera lenses, back covers, other mechanical items of plastic and metal, has been reduced to 10%.

Industry data showed iPhones were the single largest contributor to the surge in both electronics and mobile exports this fiscal. iPhone exports, which crossed $7 billion in December 2023, constituted 35% of total electronics exports and a whopping 70% of the countrys total mobile exports in the nine months ended December.

Indias electronics exports experienced a remarkable growth of 22.24%, surpassing the $20 billion mark in the first nine months of FY24. The surge was driven by the booming smartphone shipments, notably Apples iPhone. According to the India Cellular and Electronics Association (ICEA), mobile phone exports reached $10.5 billion during April to December 2023, constituting 52% of total electronics exports.

Indias electronics exports experienced a remarkable growth of 22.24%, surpassing the $20 billion mark in the first nine months of FY24. The surge was driven by the booming smartphone shipments, notably Apples iPhone. According to the India Cellular and Electronics Association (ICEA), mobile phone exports reached $10.5 billion during April to December 2023, constituting 52% of total electronics exports.

In 2024, workplaces shift towards mandatory office presence, ending the remote work era. Travel sees a rise in short trips to visa-free countries. Startups face funding challenges, emphasizing profitability. Hybrid cars dominate the auto industry, and premium experiences and personalised fitness gain traction in consumer trends.

Electronics Exports: Economic think tank Global Trade Research Initiative (GTRI) in its report said that despite global challenges, Indias exports and imports of goods and services are likely to dip by 2.6 per cent to USD 1,609 billion in 2023 as against USD 1,651.9 billion in 2022.

India Business News: Atul Lall, Managing Director of Dixon Technologies, stated that discussions with global customers, particularly laptop and tablet brands, indicate tha

The electronics sector accounts for 17.8% of Vietnam’s industry, placing the nation among the world’s top 15 largest electronics exporters.

The sector has generated employment for over 57 lakh people, Chandrasekhar said, citing industry estimates.