India Trade Monitor

Trade overview
Electronics trade brief

India’s electronics import stack

India now exports far more finished phones, but the production system still draws heavily on imported chips, displays, batteries and computing hardware.

Imports · FY25–26

$100.5bn

Exports · FY25–26

$43.2bn

Net trade gap

$57.2bn

Import change

+61.8%

since FY21–22

Export change

+244.4%

since FY21–22

Five-year direction

Imports, exports and the widening gap

Current US$ customs values for the selected HS-4 product group. The latest year is FY25–26.

● Imports

● Exports

$0.0bn$54.2bn$108.5bnFY21-22FY22-23FY23-24FY24-25FY25-26
Product-level analysis

The products inside the headline total

Import value, export offset and the economic role of each large line. Coverage is exports divided by imports for the same HS-4 code.

Electronic integrated circuits

HS 8542 · Core input

Imports

$30.3bn

Exports

$0.3bn

Export coverage

0.9%

Chip imports feed almost every device category; exports offset less than 1% of the bill.

Phones and telecom equipment

HS 8517 · Export engine

Imports

$21.7bn

Exports

$33.8bn

Export coverage

155.5%

Finished-device exports now exceed imports, the clearest evidence of assembly scale.

Computers and data-processing machines

HS 8471 · Finished goods

Imports

$13.7bn

Exports

$1.1bn

Export coverage

7.8%

A large import bill with limited export offset keeps computing hardware externally dependent.

Semiconductor devices

HS 8541 · Core input

Imports

$6.2bn

Exports

$1.2bn

Export coverage

19.6%

Diodes, transistors and photovoltaic semiconductor devices remain a component bottleneck.

Electric accumulators

HS 8507 · Scaling input

Imports

$5.6bn

Exports

$0.7bn

Export coverage

12.7%

Battery demand is rising across electronics, mobility and storage faster than exports.

Flat-panel display modules

HS 8524 · Core input

Imports

$5.6bn

Exports

$0.3bn

Export coverage

5.2%

A concentrated, import-heavy display layer sits upstream of phones, TVs and computers.

Supply chain

From imported input to Indian market

The same import total can support domestic consumption, processing, manufacturing or exports. This flow shows where value can be added.

01

Advanced inputs

Chips, displays and battery cells

02

Components

Boards, cameras, power units and enclosures

03

Device assembly

Phones, computers and communications equipment

04

Markets

Indian demand and rapidly growing phone exports

Supplier concentration

Where the chapter-level imports come from

Share of HS85 imports among the major partners available in the local partner dataset. This is a directional chapter proxy, not an exact supplier split for the selected HS-4 basket.

Observed major-partner share · HS85 proxy

CHINA

58.2%

HONG KONG

13.2%

SINGAPORE

7.8%

KOREA

7.2%

U S A

7.0%

JAPAN

3.3%

GERMANY

3.1%

SWITZERLAND

0.2%

Domestic context

Scale and value creation in India

Official production indicators show strong scale-up, but value addition remains much lower than the share of phones assembled domestically.

Estimated domestic electronics value addition

18–20%

Electronics production in FY24–25

₹12 lakh cr

Electronics exports in FY24–25

₹3.3 lakh cr

Phones sold in India made domestically

99.2%

Sources & method

Trade values are current US$ millions from India’s Ministry of Commerce TradeStat HS-4 world tables. Sector totals sum the listed HS-4 codes; they are analytical baskets rather than a claim that every code in the wider HS chapter belongs to the sector. Partner shares use HS85 chapter data for the major countries captured locally, so they are labelled as a proxy.