#ElectronicsExport | Explore Tumblr posts and blogs

tradeimexdataprovider · 17 days ago

Text

Malaysia Exports Report 2024-25

📦 Top 10 Exports of Malaysia in 2024-25 – Complete Report 📊 Malaysia’s export economy is booming in 2024! With a total export value of $329.45 billion, the country ranks as the 26th largest exporter in the world.

Here's what you’ll find in our detailed analysis:

✅ Top Export Products:

Electronic Integrated Circuits

Palm Oil

Refined Petroleum

Rubber, Plastics & more

✅ Major Export Destinations:

Singapore 🇸🇬

USA 🇺🇸

China 🇨🇳

Japan, Hong Kong, Vietnam

✅ Insights by HS Code & Country ✅ Export Trends, Historical Data, and Growth %

📍 Whether you're a trader, analyst, or business owner — this report gives you the edge you need.

📲 Read the full blog here 👉 https://www.tradeimex.in/blogs/top-10-exports-of-malaysia-2024-25

#MalaysiaExports #GlobalTrade #ExportReport #Malaysia2024 #ExportData #TradeImeX #AsiaTrade #PalmOilExports #ElectronicsExport #HSCodeAnalysis

0 notes

exportimportdata13 · 8 months ago

Text

India’s Growing Presence in the Global Electronics Market: Key Insights and Future Projections

India has increasingly established itself as a major player in the global electronics market. With electronics exports to the United States surpassing $20 billion in the fiscal year 2023–2024, the country is demonstrating significant competitiveness and growth in this sector. This article delves into the key highlights of electronics exports from India, examining current trends, future projections, and the driving factors behind its expansion.

Current State of India’s Electronics Export Industry

India's electronics export industry has shown impressive growth over recent years. In the fiscal year 2023–2024, the country’s electronics exports reached $20 billion, marking a substantial increase from previous years. The primary electronic goods exported from India include mobile phones, laptops, consumer electronics, and medical and telecom equipment. Notably, Tamil Nadu has emerged as the leading electronics exporter, contributing $9.56 billion to the sector.

The Indian electronics market is poised for continued expansion, with export values projected to nearly triple from $431 billion in 2023 to $835 billion by 2030. This robust growth is underpinned by a compound annual growth rate (CAGR) of 24% anticipated over this period. This growth trajectory reflects India's increasing dominance in the global electronics landscape.

Growth Trends and Sector-Specific Insights

India’s electronics industry has experienced a dramatic growth rate in recent years. For instance, domestic production surged from $43 billion in FY17 to $87 billion in FY22. The export of electronic goods also witnessed a significant increase, with a CAGR of 22%, climbing from $5 billion in FY17 to $15 billion in FY22. The government’s Production-Linked Incentive (PLI) scheme and efforts to enhance semiconductor availability have played a crucial role in this growth.

Specific segments of the electronics industry are expected to maintain strong growth. Mobile phone production in India has grown at a CAGR of 5%, from 58 million units in FY15 to 310 million units in FY23. The consumer electronics market is projected to grow at a CAGR of 6.5% from 2022 to 2030, while the semiconductor market is expected to expand at a CAGR of 20% from 2022 to 2026.

Key Drivers of Growth

Several factors are fueling the growth of India's electronics exports:

Competitive Labor Costs: India benefits from a large pool of skilled and semi-skilled workers available at relatively low wages, making it an attractive destination for electronics manufacturing.

Rising Domestic Demand: Increasing affluence and the government’s focus on digitization, through initiatives such as Digital India and Startup India, have boosted domestic demand for electronic products.

Technological Advancements: Investments in research and development, coupled with the adoption of advanced technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and 5G, are positioning India as a key player in next-generation electronics.

Geographical Advantage: India's strategic location in Asia, with robust connections to major markets like China, Japan, and South Korea, enhances its attractiveness for electronics manufacturers looking to export products across the region.

Major Export Destinations

India's electronics exports reach various global destinations. The top export markets include:

United States

United Arab Emirates

China

Germany

Vietnam

Bangladesh

Sri Lanka

Nepal

Indonesia

These countries are significant consumers of electronics, offering favorable trade terms and contributing to India’s growing export figures.

Future Vision and Goals

India has set ambitious short-term and long-term goals for its electronics sector. By 2025–2026, the government aims to make electronics one of the top three export commodities, with a projected demand of $180 billion. Long-term goals include establishing India as the world's leading producer and exporter of electronics and creating a $1 trillion ecosystem for mobile devices, consumer electronics, and IT gear within the next decade.

Conclusion

India’s electronics export sector is on an upward trajectory, driven by competitive labor costs, rising domestic demand, technological innovation, and strategic geographic positioning. With a strong growth outlook and supportive government policies, India is well-positioned to expand its role in the global electronics market. For the latest data and insights on India's electronics exports, including market trends and product specifics, visit ExportImportData.in and explore comprehensive trade data and analytics.

#exportimportdata #dailyexportimportdata #electronicsexport

0 notes