India-Made Smartphones Surge in Dutch Market, Overtake UAE

New Delhi - The Netherlands has solidified its position as the second-largest market for Indian-manufactured smartphones, surpassing the United Arab Emirates (UAE) in a notable market shift observed from April to August this year. Commerce ministry data reveals that smartphone exports to the Netherlands soared by 92% to $833 million during this period, while exports to the UAE fell by 25% to $777 million.

Previously, the UAE held the title of the second-biggest market for India's smartphone exports, a position it maintained until the last fiscal year. Despite a slight increase in exports to the UAE in 2023-24 to $2.57 billion, the Netherlands has shown a more significant year-on-year growth of 11%, reaching $1.18 billion.

This year, the UAE stands as the only major market among India's top 10 smartphone export destinations to witness a decline in shipments. Conversely, markets like Japan and Mexico have seen remarkable growth in imports from India, with increases of 180% and 153% respectively, amounting to $129 million and $125 million.

The United States continues to lead as the largest market for Indian smartphones, with a 51% rise in exports amounting to $2.8 billion, representing 38% of India's total smartphone exports in the April-August timeframe.

European markets have also shown robust growth, with Austria and Italy experiencing increases of 89% and 60% respectively, totaling $421 million and $449 million. Europe dominates the top 10 markets, with six countries from the region, alongside two from Asia, and one each from North and South America.

Overall, smartphone exports from India grew by 34% in the first five months of the current financial year, highlighting the country's increasing prowess in the global electronics market.

This shift in market dynamics underscores the evolving landscape of international trade in technology, with India continuing to strengthen its footprint in key global markets.