In a surprising turn of events, Tamil Nadu has taken over as India’s largest exporter of electronic goods, accounting for a remarkable 30% of all electronic goods exports in the fiscal year 2023-2024. This is a significant shift in the landscape of electronic goods exports, as traditionally, Uttar Pradesh and Karnataka dominated the industry. However, in recent years, Tamil Nadu’s numbers have shown consistent growth, while other states have either stagnated or experienced a decline.
At the heart of Tamil Nadu’s rise as a prominent exporter in the electronic goods sector is the surge in smartphone exports, which now make up nearly 40% of India’s overall electronics exports. In fact, a staggering 40% of smartphones in India are exported from just one district in Tamil Nadu – Kancheepuram. This district has emerged as a key player in the export market, sending out a majority of electronic goods, specifically mobile phones, to countries such as the United States, the United Arab Emirates, and the Netherlands.
Between April 2023 and January 2024, Tamil Nadu exported electronic goods worth over $7.4 billion, which is almost four times the volume of the previous fiscal year. This remarkable growth has allowed Tamil Nadu to surpass the combined exports of Uttar Pradesh and Karnataka during the same period.
While Tamil Nadu’s electronic goods exports have soared, other states such as Gujarat and Maharashtra have seen stagnant growth in recent years. Tamil Nadu’s widening gap with other states is evident in the state-wise data.
The biggest markets for India’s electronic goods exports are the United States and the United Arab Emirates. The United States alone imported approximately 35% of India’s electronic goods exports in the fiscal year 2023-2024, amounting to $8.7 billion. The UAE followed closely behind with imports worth $3 billion.
In conclusion, Tamil Nadu’s rise as India’s leading exporter of electronic goods is a feat worth acknowledging. With the surge in smartphone exports and consistent growth in recent years, Tamil Nadu has cemented its position as a significant player in the global electronics market.
The electronic goods industry in India is experiencing a significant shift, with Tamil Nadu emerging as the largest exporter of electronic goods in the country. This position was traditionally held by Uttar Pradesh and Karnataka, but Tamil Nadu’s consistent growth in recent years has propelled it to the top spot.
One of the key factors contributing to Tamil Nadu’s success in the electronic goods sector is the surge in smartphone exports. These exports now make up nearly 40% of India’s overall electronics exports. Kancheepuram, a district in Tamil Nadu, has become a focal point for smartphone exports, accounting for 40% of smartphones exported from India. These devices are primarily shipped to countries such as the United States, the United Arab Emirates, and the Netherlands.
Between April 2023 and January 2024, Tamil Nadu exported electronic goods worth over $7.4 billion, which is almost four times the volume exported in the previous fiscal year. This impressive growth has allowed Tamil Nadu to surpass the combined exports of Uttar Pradesh and Karnataka in the same period.
While Tamil Nadu is experiencing substantial growth, other states like Gujarat and Maharashtra have seen stagnant growth in the electronic goods industry in recent years. This highlights the widening gap between Tamil Nadu and other states in terms of electronic goods exports.
The United States and the United Arab Emirates are the largest markets for India’s electronic goods exports. In the fiscal year 2023-2024, the United States alone accounted for approximately 35% of India’s electronic goods exports, amounting to $8.7 billion. The United Arab Emirates followed closely with imports worth $3 billion.
Overall, Tamil Nadu’s rise as India’s leading exporter of electronic goods is a noteworthy achievement. With the surge in smartphone exports and consistent growth in recent years, Tamil Nadu has solidified its position as a significant player in the global electronics market.
For more information on the electronic goods industry in India and market forecasts, you can visit the Ministry of Electronics and Information Technology website.