India’s US smartphone exports nearly double to $19.7 billion in FY26
India’s smartphone exports to the US rose from $10.6 billion in FY25 to $19.7 billion in FY26, underscoring an Apple-led China+1 manufacturing shift as China’s share of US smartphone imports declined.
ICRIER says India’s US-bound smartphone exports nearly doubled in FY26, led by Apple-led China+1 supply-chain shifts as Chinese smartphone import share in the US fell sharply despite US tariffs.
Why this matters
The export shift adds a manufacturing dimension to Apple’s recent India pricing signals, including iPhone 17 price increases in Japan and Apple Music and Apple One price hikes across India tiers.
retail-company is accelerating, up +952900% QoQ.