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

EntertainmentKaran Tacker, Kalki open up about their roles in their upcoming series 'Bhay - The Gaurav Tiwari Mystery'

International"Democracy and Pakistan don't go together": MEA flags turmoil amid Imran Khan protests

InternationalUS-Australia vow deeper Indo-Pacific defence push, cite Quad role

BusinessGovt launches nationwide airport checks as IndiGo disruption triggers high-level review

Cricket"Always important to have strong relationship with whoever you're opening with": Salt on his equation with RCB icon Virat

Business Realted Stories

BusinessStarlink says India pricing not live yet, fixes configuration glitch

BusinessMoU signed to boost marketing and export of Mizoram’s agri produce

BusinessFarmer-centric growth, technological innovation to triple Agricultural GDP: Union Minister Shivraj Chouhan

Business"Discussed progress on India-EU FTA": Piyush Goyal meets EU Trade Commissioner Maros Sefcovic

BusinessOver 50 lakh employees, 69 lakh pensioners to benefit from 8th Pay Commission: Govt