The value of iPhone exports from India to the United States in 2025 is not fully detailed for the entire calendar year in this article, but available data allows for an informed estimate based on specific periods and trends.

Key Data Points

(1) Fiscal Year 2024-25 (April 2024 to March 2025): Apple exported iPhones worth $17.47 billion (Rs. 1,50,000 crore) from India in FY25, with approximately 75% of these exports directed to the U.S., equating to $13.1 billion (Rs. 85,880 crore).

In the first quarter of FY25 (April to June 2024), iPhone exports were valued at $4.4 billion, with 97% going to the U.S., or roughly $4.27 billion. This includes $3.2 billion by Foxconn alone from March to May 2025, with 97% ($3.1 billion) shipped to the US.

A record $2.33 billion was exported in March 2025 alone to build US inventory.

(2) First Half Of 2025 (January To June 2025): iPhone exports surged by 53% year-over-year, crossing 20 million units, with over 75% of export volumes (approximately 15 million units) destined for the U.S. The value of Indian-made smartphones shipped to the U.S. in this period was $9.35 billion, with iPhones dominating due to Apple’s significant share.

Specifically, in April 2025, iPhone shipments to the US rose 76% year-on-year, reaching approximately 3 million units valued at roughly $1.5 billion (based on an estimated average price per unit derived from annual figures).

(3) April To July 2025: Apple’s iPhone exports rose 63% to $7.5 billion, contributing to India’s total smartphone exports of $10 billion in this period. Assuming 75-97% of these were US-bound (consistent with earlier trends), the value to the US was approximately $5.63 billion to $7.28 billion.

Estimation For January To September 2025

(a) January To March 2025: As part of FY25, exports to the US were likely around $4.5 billion, based on the quarterly record of $6.4 billion in Q4 FY25 (January to March 2025), with 75% directed to the US.

(b) April To June 2025: Approximately $4.27 billion, as noted above for Q1 FY25.

(c) July To September 2025: No specific monthly data is available and we cannot estimate based on earlier months trend due to 50% tariff and potential removal of tariff exemptions.

Total Estimate (January to September 2025): Combining these, iPhone exports to the US likely ranged from $9 billion to $11 billion at most.

Full-Year Estimate For 2025

Assuming a slower growth rate in the second half due to an existing 50% US tariff and removal of exemption from semiconductors and other electronic equipment by U.S., exports for July to December could not conservatively align with the first half’s monthly average. So export to U.S. would be significantly impacted from September to December 2025, especially when Trump has hinted on retaining 50% tariff and putting new ones on pharmaceuticals, furniture, semiconductors, electronic items, etc in near future.

Thus, a full-year estimate for 2025 could be $13 billion, though tariffs and removal of exemptions may reduce this to around $10 billion to $11 billion if export growth slows.

The estimates account for Apple’s dominance in India’s smartphone exports (75% of total smartphone exports) and the high proportion (75-97%) directed to the US, driven by tariff advantages over China (10% tariff for India vs. 55% for China). But now India is facing a 50% tariff and a very potential threat of removal of tariff exemptions, this would severely curtail India’s export of iPhone to U.S. from September 2025 onwards says Praveen Dalal.

Tariff Exemptions

Currently, iPhones exported from India to the U.S. are exempt from tariffs due to existing exemptions for semiconductor-powered devices. However, this situation could change if the exemptions are lifted in the future. The exemption for iPhones are temporary and could change if the U.S. reviews its tariff policies, particularly concerning semiconductors.

If the exemptions are lifted in the future, iPhones manufactured in India could face higher prices compared to those made in other countries like Vietnam or China. The U.S. Commerce Department is currently reviewing sectors deemed vital to national security, which may affect future tariff decisions.