As we know, the mobile export market is a growing and lucrative opportunity for businesses. There is a huge demand for mobile phones worldwide, with the global smartphone industry expected to reach $1.2 trillion by 2027. There are a few things that you should know if you are thinking about exporting mobile phones. The key components of the mobile export market will be covered in this blog post, including the top export locations, export-import data, popular mobile phone models, and the export procedure.
Mobile Export Market: Quick Overview
India has one of the largest and fastest-growing mobile trade markets in the world. The Indian mobile phone market was valued at over $38 billion in 2022, and by 2027, it is expected to surpass $60 billion.
The export of electronic items from India, valued at over Rs 1,85,000 crore, established a new record in FY22-23A, states the India Cellular and Electronics Association (ICEA).
In comparison to FY 21–22, exports increased by 58 percent to Rs. 16,936 crore. The main source of growth involves domestically produced mobile phones. As per mobile phone exports data, in the fiscal year 2023, the exports of mobile phones surpassed $10 billion for the first time, reaching an estimated $11.12 billion (more than Rs 90,000 crore).
Notable e-commerce brands like Flipkart, Amazon, Croma, and Reliance Digital dominate the Indian mobile trade market. These players deliver various mobile phones from multiple brands at competitive prices. In addition to the primary online players, several offline retailers sell mobile phones in India. These retailers generally cater to a more niche market and offer a more personalized shopping experience.
Does India export mobile phones?
Yes, India exports mobile phones. India has become one of the most significant exporters of mobile phones in recent years. In the financial year 2022-23, India exported over $11 billion in mobile phones, a growth of over 100% from the last year, as per India trade data.
The growth in India's mobile phone exports is attributed to several factors, including
Government initiatives such as the Production-Linked Incentive (PLI) scheme that have attracted substantial smartphone manufacturers to set up manufacturing facilities in India.
India exports a broad range of mobile phones, from affordable features to high-end smartphones. The most popular mobile phone types exported from India contain those from brands such as Samsung, Apple, Xiaomi, and Vivo.
India's mobile phone exports are predicted to increase in the coming years as the global smartphone market expands. India is also well-positioned to benefit from the ongoing shift of smartphone production out of China.
Leading export destinations for mobile phones
Based on mobile phone export data, the leading export destinations for mobile phones are:
- United States
- Netherlands
- Japan
- United Kingdom
- Taiwan
- Singapore
- China
So, these countries account for a substantial share of the international smartphone market, delivering a considerable and growing potential customer base for mobile phone exporters. If you need an updated list of mobile phone exporters, visit Eximpedia.app now!
Types of Electronic Devices in Demand
The types of mobile phones in demand in the export market depend on the specific country. Some of the most prevalent types of mobile phones that are exported include:
- Smartphones
- Tablets
- Smartwatches
- Other wearable devices
- Feature phones
When choosing the types of mobile phones to export, it is essential to consider the needs and preferences of the target market. Export import data is significant for analyzing the mobile phone export market. EximPedia.app is one of the best platforms to analyze the mobile export import market.
Steps to Export Mobile Phones
The mobile export process can be complicated, but it is essential to follow all required steps to ensure a smooth and successful export. The following are the broad steps involved in the mobile export process:
- Step 1: Analyze the target market: Before you start exporting mobile phones, it is essential to research the target market to understand the needs and priorities of the consumers. It would help if you also analyzed the import regulations of the target country.
- Step 2: Discover a reliable supplier: Once you have analyzed the target market, you need to find a reliable supplier of mobile phones. The supplier should be able to deliver high-quality products at competitive prices. To find the best suppliers for mobile phones, you need to visit Eximpedia.app and discover global buyers and suppliers on a single platform.
- Step 3: Organize the export documentation: You must prepare several documents, such as a commercial invoice, packing list, and certificate of origin. The specific documents required will vary depending on the target country.
- Step 4: Arrange for shipping and insurance: You must arrange for the mobile phones to be shipped to the target country. You should also purchase insurance to safeguard your goods in case of loss or damage during shipping.
- Step 5: Clear customs: Once the mobile phones reach the target country, you must clear customs. This method can vary depending on the target country, but it typically involves submitting the necessary documentation and paying applicable duties and taxes.
How to find mobile phone export and import data?
To find the top mobile phone importers or exporters, you must engage with industry experts and export-import provider agencies like EximPedia.app, who can provide valuable and updated market statistics for the mobile phone industry and support throughout the process.
We provide comprehensive export import trade data and insights into the technology industry, including export and import data and the most accurate mobile phone buyers in India.
In conclusion, the mobile export market is a growing and lucrative business opportunity. Following the steps summarized in this blog post can increase your chances of success in the mobile export market. Also, if you require assistance regarding mobile phone export-import data, connect with EximPedia professionals and book a free live demo today!
