India’s smartphone exports jump 55%, surpassing petroleum, diamond sales

Over the last three years, India’s smartphone exports have nearly 5x to the US and 4x to Japan.

This growth has pushed smartphones ahead of traditional exports such as petroleum products and diamonds.

In FY25 alone, smartphone exports increased significantly from $15.57 billion in FY24 and $10.96 billion in FY23.

The top five countries where India witnessed smartphone export growth last fiscal year were the US, Japan, Netherlands, Italy, and Czech Republic.