Business

India’s Electronics Exports Surge 47% In Q1 FY26; US Leads With 60% Share

India’s electronics exports witnessed a robust 47% year-on-year growth during the April–June quarter of FY26, reaching $12.41 billion, according to data released by the Commerce Ministry.

US Tops List of Export Destinations

The United States emerged as the leading destination for Indian electronic goods, accounting for a significant 60.17% of the total exports.

The United Arab Emirates followed with an 8.09% share, while China held a 3.88% share. Other key markets included the Netherlands (2.68%) and Germany (2.09%).

Officials attributed this wide geographical spread to India’s growing importance in the global electronics supply chain and its rise as a competitive and reliable manufacturing hub in Asia.

RMG Exports to the US Dominant Market Share

India’s ready-made garments (RMG) exports also recorded steady growth.

During Q1 FY26, the sector generated $4.19 billion, compared to $3.85 billion in the same quarter last year.

The US once again led the demand, importing 34.11% of India’s total RMG exports. The UK followed with 8.81%, the UAE with 7.85%, Germany with 5.51%, and Spain with 5.29%.

Officials credited this performance to India’s skilled workforce, a wide variety of product offerings, and its reputation for quality and timely delivery.

For the full financial year 2024–25, India’s RMG exports grew by 10.03%, reaching $15.99 billion, up from $14.53 billion in 2023–24.

Marine Exports Grow Nearly 20% in Q1

India’s seafood sector also reported a strong performance. Marine product exports rose by 19.45% to $1.95 billion in the April–June quarter.

The US remained the largest importer of Indian seafood, accounting for 37.63% of the total. China (17.26%), Vietnam (6.63%), Japan (4.47%), and Belgium (3.57%) also contributed significantly.

For the full year 2024–25, marine exports reached $7.41 billion, marking a 4.5% annual growth.

Officials attributed the increase in seafood exports to improvements in cold chain logistics, expanded product diversity, and adherence to international quality standards.

Also Read: Indian Markets Open Flat As Investors Eye India–US Trade Developments

Purnima Mishra

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