India's engineering exports see marginal decline in May: EEPC

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....ndia's engineering exports see marginal decline in May: EEPC<BR>Customs & Trade<BR>Dated:- 27-6-2025<BR>PTI<BR>Kolkata, Jun 27 (PTI) The country's engineering exports conceded a marginal fall of 0.82 per cent year-on-year to USD 9.89 billion in May due to a higher statistical base and geopolitical tensions in West Asia, EEPC India said in a statement. According to EEPC, the share of engineering g....

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....oods in the country's overall merchandise exports increased to 25.53 per cent during this period. India's engineering exports to the US, a top destination among major exporting countries, remained positive in May 2025 with total shipments growing 4.6 per cent to USD 1.74 billion year-on-year. Engineering shipments to China registered a 5.1 per cent year-on-year decline to USD 207.36 million in M....

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....ay this year as compared to USD 218.59 million in the corresponding month last year, the statement said. To countries like Germany, the UK, Japan, Italy and Italy, engineering goods exports showed positive growth in May this year, while shipments to Mexico, Turkey and Vietnam showed negative growth. On a cumulative basis, India's engineering exports recorded 4.77 per cent growth at USD 19.40 bil....

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....lion during the April-May period of 2025-26 as compared to USD 18.52 billion in the same tenure previous fiscal, the statement said. EEPC India chairman Pankaj Chadha said going forward, government support would be crucial for developing technologies like rare earth magnets and exploring new markets to boost engineering exports. PTI DC BDC<BR> News - Press release - PIB....