India’s smartphone exports to its largest market, the US, fell 58 per cent from USD 2.29 billion in May to USD 964.8 million in August, think tank GTRI said on Monday.
It said that the development is alarming and counter-intuitive as there are no tariffs on smartphones.
“This demands urgent investigation to uncover the real reasons that are driving the fall,” the Global Trade Research Initiative (GTRI) said.
Smartphone exports, India’s largest export to the US, plunged 58 per cent from USD 2.29 billion in May 2025 to USD 964.8 million in August, it said, adding the fall was steady month by month.
It was USD 2 billion in June and USD 1.52 billion in July.
In FY2025, the US remained India’s top smartphone market with USD 10.6 billion imports (44 per cent of India’s global exports of USD 24.1 billion), followed by the EU at USD 7.1 billion (29.5 per cent).
It added that tariff-free products, which account for 28.5 per cent of India’s August exports, posted the sharpest contraction o​India’s smartphone exports to its largest market, the US, fell 58 per cent from USD 2.29 billion in May to USD 964.8 million in August, think tank GTRI said on Monday.
It said that the development is alarming and counter-intuitive as there are no tariffs on smartphones.
“This demands urgent investigation to uncover the real reasons that are driving the fall,” the Global Trade Research Initiative (GTRI) said.
Smartphone exports, India’s largest export to the US, plunged 58 per cent from USD 2.29 billion in May 2025 to USD 964.8 million in August, it said, adding the fall was steady month by month.
It was USD 2 billion in June and USD 1.52 billion in July.
In FY2025, the US remained India’s top smartphone market with USD 10.6 billion imports (44 per cent of India’s global exports of USD 24.1 billion), followed by the EU at USD 7.1 billion (29.5 per cent).
It added that tariff-free products, which account for 28.5 per cent of India’s August exports, posted the sharpest contraction o ​Latest News [ SOBAN NEWS: International and National ]
