Engineering exports in June 2024 have grown 10.27% (year-on-year) to $9.39 billion.
This increase is due to rise in shipments of electrical machinery, motor vehicles, products of iron and steel, auto components and parts, and Industrial machinery.
Cumulative exports in April-Jun 2024-25 increased 4.34% to $27.92 billion.
India’s overall goods exports in June 2024 rose at 2.6% (year-on-year) to $35.2 billion.
In the April-June 2024-25, goods exports increased 5.84% to $109.96 billion.
North America (21% share) and the EU (17% share) were India’s topmost destinations for engineering exports.
In April-June 2024-25, the US, the UAE, Saudi Arabia, Turkey, Singapore, the UK, and Mexico were the export destinations that have shown growth.
Exports to Germany, Italy, Korea Rep, Nepal and Bangladesh have shown a decline during the same period.
In June 2024, exports of iron and steel, non-ferrous products, other products including industrial boilers and office equipment, declined.
