City
Epaper

Engineering goods kick start FY26 with double-digit growth: EEPC India

By ANI | Updated: May 22, 2025 14:37 IST

New Delhi [India], May 22 : Indian engineering goods exports on Thursday recorded an 11.28% year-on-year growth in ...

Open in App

New Delhi [India], May 22 : Indian engineering goods exports on Thursday recorded an 11.28% year-on-year growth in April, reaching USD 9.51 billion, attributed to a lower base effect and increased shipments of electric machinery, ships, motor vehicles, and copper products.

According to the release, the positive iron and steel exports growth after several months was also of the factors for double-digit growth in engineering goods exports in April.

It highlights that engineering goods exports to the US grew 17% on a year-on-year basis to USD 1.66 billion in April this year compared to USD 1.42 billion in the corresponding month last year. This came along with the rise of 37.3% in shipments to the UAE, 37.3% to USD 538.8 million (from US$392.5 million).

Other markets like the UK, Singapore, Brazil, and Australia also saw high double-digit growth.

"That our exporters have achieved growth despite multiple global challenges is indeed laudable. The support of the Government of India remains critical during such difficult times. The recently concluded India-UK Free Trade Agreement is an important step towards strengthening our position in the UK market. We sincerely hope that in the coming days, we will continue on this growth path," said Pankaj Chadha, Chairman of EEPC India.

Regionally, North America remains the top export destination (21.1% share), followed by European Union (17.4%) and West Asia and North Africa (14.1%) follow. While, significant growth was noted in Oceania (36.4%), Sub-Saharan Africa (31.6%), and Latin America (27.2%) regions as well.

"According to the Quick Estimates of the Department of Commerce, Government of India, the share of engineering goods in India's total merchandise exports was recorded at 24.71% in April 2025 as against 24.21% in April 2024," the release said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalOn-site aid set up in flood-hit areas of South Korea to facilitate rescue efforts

BusinessAavas Financiers Ltd. Hosts PMAY Urban 2.0 Customer Felicitation & Green Home Certificate Distribution Ceremony in Udaipur

BusinessGreenstorm Unveils Winning Images Celebrating Beautiful Wetlands

EntertainmentKajol and Twinkle Khanna to set the house on fire with new streaming chat show

EntertainmentSanjay Dutt says, 'it would've been fun doing Son of Sardaar 2 together' with Ajay Devgn

Business Realted Stories

BusinessEx-ICICI Bank CEO Chanda Kochhar found guilty of Rs 64 Crore Bribery

BusinessNash Energy and Rincell Corporation Join Hands to Manufacture NMC Cells in India

BusinessIotamine Introduces Easy-to-Use Cloud VPS with Focus on Affordability

BusinessStartup Nation: 10 Emerging Founders from IIT and IIM Shaping India's Future

BusinessIndian markets are relatively safe amid global trade uncertainties: J.P. Morgan