Mobile phone exports hit $3.1 billion in May

Exports of mobile phones from India in May clocked more than $3.09 billion, increasing by over 74 percent over the same month last year, when they had hit $1.78 billion, according to the data provided by the industry to the government.

- SURAJEET DAS GUPTA

The figure in May is the second-highest ever. The peak was $3.1 billion in March, when Apple exported more phones to the United States and built inventories to avoid penal tariffs in the North American country from April.

As a result, in the first two months (April and May) of 2025-26 (FY26), exports of mobile phones crossed $5.5 billion, a growth rate of 41 percent over the same months in FY25. Apple's three vendors together remain the most significant contributors to this continued increase of mobile exports.

Exports consistently hit $2 billion or more every month starting from October last year.

In April, exports touched $2.4 billion, a full 62 percent higher than that in the same month last year.