Smartphones break into top-5 club in exports; value nearly doubled in FY23

Up from 9th spot in HS code ranking

Smartphones catapulted into the league of five most exported commodities by value, based on their harmonised system (HS) codes in FY23, up from the ninth rank in the pecking order in FY22.

HS is a globally harmonised identification for a specific product used for export and import of the commodity.  

 Those above smartphones include various HS codes of automotive fuels that conform to certain standards (diesel, aviation, and motor gasoline) and diamonds — cut or polished — but not for industrial use.  

According to Ministry of Commerce data which has been analysed by the Indian Cellular & Electronics Association of India (ICEA), exports