#ExportImportdata

[exportimportdata13]

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.

[exim-pedia]

Top 10 Textile Exporters in India

Textiles play an important role in the fast fashion industry and require constant attention. Textile exports from India are quite popular. Numerous Indian textile exporters ship large amounts of textiles abroad, according to Indian textile exports statistics.

[anamseair]

https://www.seair.co.in/blog/exploring-india-s-top-10-exports-products.aspx

Discover India's top 10 export products, including petroleum products, gems & jewellery, pharmaceuticals, and textiles. Learn about India's key export destinations and how these industries contribute to its global trade dominance.

[emmawilliams12]

https://emmawil7890.wixsite.com/eximpedia/post/the-essential-guide-to-colombia-s-import-export-data-provider

In the dynamic realm of international trade, success in the Colombian market hinges on accurate information. Employing a Colombia import-export data provider is crucial for navigating global commerce complexities. This blog provider's The Essential Guide to Colombia's Import Export Data Provider, and how businesses can leverage this essential resource to thrive in the vibrant Colombian market.

[exportimport12]

Eximpedia offers import export data with importer name, providing valuable insights for businesses. This data helps companies identify potential partners, analyze market trends, and make informed decisions. With Eximpedia's importer-specific information, businesses can optimize their trade strategies and enhance their competitive edge.

[seair-exim-solutions]

Sri Lanka Trade Data

Seair Exim Solutions offers comprehensive and accurate Sri Lanka Trade Data, covering both imports and exports. The data includes detailed information on the country's trade activities, including product categories, trading partners, shipping ports, and more. With their user-friendly platform, businesses can easily track market trends and make informed decisions to enhance your trading opportunities in Sri Lanka.

[tradeimx]

MAJOR EXPORTING AND IMPORTING PRODUCTS OF TURKEY TO AND FROM THE PHILIPPINES – 2022

OVERVIEW

Today, under this blog post, we are going to list the top import as well as export products from Vietnam and the Philippines with respect to each other. First, we are going to see the market size of those products in their respective country, and following this, we will try to compare the Imports and exports of those goods to another country by observing the last five years’ trends.

WHAT TURKEY EXPORTS TO THE PHILIPPINES THE MOST?

Starting with Turkey, based on Turkey Export Data 2022, the largest exports to the Philippines in that year were Aircraft, spaceships, and their respective spare parts. As the Philippines is on its way to expanding its defense and military strength, Turkey understood the underlying situation and exported aircraft to the Philippines.

The defense sector of Turkey is quite big and plays a major role in taking the economy of the country forward. Being the 3rd biggest spender in the defense and aircraft sector in the year 2022, Turkey exported the same to the Philippines worth USD 152.04 million.

If we go further deep into the major exports from Turkey to the Philippines in 2022, then we reach the conclusion that Turkey Export Data also mentions that Turkey exported mechanical tools like nuclear reactors and boilers after aircraft to the Philippines worth USD 24.83 million. The past 5 years’ trend is as follows:

EXPORTS OF MACHINERY FROM TURKEY TO THE PHILIPPINES (2018-22)

YEAR

2018

2019

2020

2021

2022

VALUE

USD 16.05M

USD 15.86M

USD 15.01M

USD 16.98M

USD 24.83M

A clear spike is seen from 2020 to 2022 as the markets reopened after a long lockdown period which affected trade in the years 2019 and 2020.

WHAT PHILIPPINES EXPORTS THE MOST TO TURKEY?

After seeing that major export product from Turkey to the Philippines, now let’s head towards the major export product from the Philippines to Turkey in the year 2022 followed by its past 5 years’ trend.

From all exports of the Philippines to Turkey, according to the Philippines Export Data for the year 2022, the major export was of electrical machines and their spare parts, like TV, sound recorders, etc. which was worth USD 102.66 million. The electrical machines market of the Philippines is quite big and is expanding at a rapid pace currently.

The past 5 years’ trend with respect to exports to Turkey from the Philippines as per the Philippines Export Data is:

EXPORTS OF ELEC. MACHINES FROM THE PHILIPPINES TO TURKEY (2018-22)

YEAR

2018

2019

2020

2021

2022

VALUE

USD 45.59M

USD 53.79M

USD 49.14M

USD 66.97M

USD 102.6M

Just like Turkey Trade data for the year 2019-2020, the Philippines Trade Data also experienced a decline in exports from 2019-20 due to the global restrictions and lockdown.

CONCLUSION

In the end, we would just like to add that the trade relations and bilateral trade between Turkey and the Philippines are very strong and frequent. Despite being hit by the pandemic, the trade between the two countries recovered again and now creating new records every year. The Philippines Import Data and Turkey Import Data are also experiencing similar growth in recent years.

PRO TIP

For more such trade-related information and reports, stay in touch with our website, and don’t forget to subscribe to our newsletter. Also, if you are planning to perform any foreign trade and looking for the best Import Export Data or Global Trade Data of any country, then you can surely connect with us, and we will assist you in the best possible manner.

For More Info-

Philippines Import Data

Turkey Trade Data

[exportimportdataa]

International import-export data is provided by ExportImportData, which has become more important for international trading organisations in recent years. Every aspect of your import and export business is taken care of by us, and we promise that you'll always be one step ahead of your competitors. We offer a broad selection of trustworthy, accurate India Import Export Trade Data and Trade Data of India customers worldwide.

[seair]

Starting and operating a business is a rollercoaster ride, so you should be aware of the risks involved and how to deal with any potential dangers to your company. To minimize any risk or threat, you can get the best import business advice from the best Import Export Data provider. You can visit the Seair Exim solutions to see the available Custom data.

[exportimportdata13]

Indian Coal Exports: A Deep Dive into Market Dynamics and Future Prospects

India's coal sector is poised for substantial growth, with predictions indicating a significant increase in coal exports by 2024. As the world's second-largest producer and consumer of coal, India plays a crucial role in the global energy market. This article delves into the key aspects of Indian coal exports, including production trends, export data, top exporters, and port infrastructure, providing insights crucial for navigating this dynamic sector.

India's Coal Production and Consumption

India's coal industry is a cornerstone of its energy landscape, supplying about 55% of the nation's energy needs. In FY 2022, India extracted 777.31 million metric tons (MT) of coal, with a notable increase in overall production in the subsequent years. In 2022-2023, coal production reached 893.190 MT, marking a 14.77% increase from the previous year. Conversely, lignite production decreased slightly by 5.27% to 44.990 MT.

The major coal-producing states include Jharkhand, Chhattisgarh, Odisha, and Madhya Pradesh. Odisha led with 24.52% of the total coal production in 2022-2023, followed by Jharkhand and Chhattisgarh. For lignite, Tamil Nadu, Gujarat, and Rajasthan are the top producers.

Coal Export Trends

India's coal export landscape is evolving, with notable shipments to neighboring countries. In 2022-2023, India exported 1.163 million MT of coal, showcasing a stable export volume compared to previous years. The primary export destinations are Bangladesh and Nepal, which together accounted for a substantial portion of the exports.

From April to November 2023, India exported 0.78 million MT of coal. Major coal export destinations include:

Nepal: 0.833 MT

Bangladesh: 0.245 MT

Bhutan: 0.053 MT

Other Countries: 0.032 MT

The leading ports facilitating these exports are Bedi Port, Cochin Port, and Ennore Port, among others.

Key Players in the Coal Export Market

India's coal export sector features several prominent players. Top exporters include:

Aarjay Minerals

MMTC Limited

Angelique International Ltd

Deccan Overseas Pvt Ltd

Kowa India Pvt Ltd

These companies are instrumental in driving India's coal export growth, tapping into various international markets.

Comparative Global Coal Export Data

Globally, Indonesia and Australia dominate coal exports, with Indonesia leading with $104.30 billion in coal export value, followed by Australia at $83.30 billion. Other significant exporters include Russia, the USA, and South Africa. India's coal export value, while growing, is still catching up with these leading nations.

Future Outlook

India's coal sector is on a promising trajectory, with significant potential for growth in exports. The global coal market is projected to expand from $1.5 trillion in 2022 to over $2.3 trillion by 2027, driven by coal's role as a major energy source. India's strategic planning, legal compliance, and market insight will be crucial in capitalizing on this growth.

Conclusion

To succeed in the coal export market, Indian exporters must focus on understanding market needs, staying updated with current data, and leveraging logistical efficiencies. Platforms like Exportimportdata.in offer valuable resources, including coal HS codes, export data, and lists of top exporters, to aid businesses in navigating the complex global trade environment.

For the latest coal export data, detailed market insights, and comprehensive export intelligence, explore Exportimportdata.in today. Set up a free live demo to see how our platform can support your business in the competitive coal export sector.

[exim-pedia]

What are the top 10 Imports of Russia?

According to Russia trade data, the total number of shipments of import of Russia stand at 124.1k, imported by 14,665 global importers from 10,650 Russia suppliers. The top 10 import of Russia are Machinery, nuclear reactors, boilers, Electric, electronic equipment, vehicles, Pharmaceuticals products and Plastic, plastic articles.

[anamseair]

https://www.seair.co.in/blog/revolutionize-your-business-the-importance-of-export-import-data-in-your-supply-chain.aspx

To understand the importance of export-import data in your supply chain, explore this blog. You'll gain access to real-time global trade data and market trends.

[importexportdata]

write down the name of top 5 import products of Singapore ?

We are here with the list of top 7 import products of singapore with total import percentage -

Electrical Machinery, Equipment (32.50%) Mineral Oils & Fuels (18%) Electronics (14.1%) Pearls, Precious Stones, Metals (5%) Optical, Medical, Technical Apparatus (3.2%)

Visit here more info : https://globalimportexportdataprovider.blogspot.com/2022/12/singapore-trade-report-update-2021.html Go to the offical website : https://eximtradedata.com/singapore-import-export-data

[naveenkumarsin32]

Pakistan import-export data | import export data

We are providing 200+ countries' import-export data. Our data is completely different from others, we offer an in-depth market intelligence report that helps our users to access their preferable data in just one click with visual graphs for a better understanding of the data. You can explore the sample of Pakistan import-export data by clicking below link - https://eximtradedata.com/pakistan-import-export-data

Visit here more information : https://globalimportexportdataprovider.blogspot.com/2022/11/market-intelligence-report-of-pakistani.html

[impexperts-world]

Have you decided to start a new import-export business this year? Get all the India export import data - a must guide for those looking for export data from India year wise.