ANI
22 May 2025, 15:44 GMT+10
New Delhi [India], May 22 (ANI): 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. (ANI)
Get a daily dose of Perth Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Perth Herald.
More InformationDOHA, Qatar: Boeing secured its largest widebody aircraft deal this week, as Qatar Airways placed firm orders for 160 jets with options...
U.S. acceptance of the Qatari jet has intensified scrutiny over potential violations of U.S. Constitution. WASHINGTON, May 22 (Xinhua)...
New Delhi [India], May 22 (ANI): Vice-President Jagdeep Dhankhar called for focus on alternative medicine and for evidence-based validation...
DUBAI, 22nd May, 2025 (WAM) -- DMCC has announced growth of 13 percent of companies from Singapore joining its international business...
New Delhi [India], May 22 (ANI): The market capitalization of companies listed on the National Stock Exchange (NSE) has grown nearly...
New Delhi [India], May 22 (ANI): The Reserve Bank of India (RBI) is expected to go for deeper interest rate cuts as part of its policy...
MOSCOW, Russia: Russia has sentenced a 33-year-old Australian man to 13 years in a high-security prison for fighting with Ukrainian...
New Delhi [India], May 22 (ANI): Indian engineering goods exports on Thursday recorded an 11.28% year-on-year growth in April, reaching...
Canterbury [UK], May 22 (ANI): Charlotte Edwards couldn't have asked for a better start to her tenure as head coach, as England produced...
New Delhi [India], May 22 (ANI): Hockey India on Thursday announced the 24-member Indian Men's Hockey Team for the European leg of...
by Xinhua writers Ye Ting, Zhao Jiale CHONGQING, May 22 (Xinhua) -- For Australian Will Glasgow, the green and efficient approach...
The RSPCA has announced this Sunday's Million Paws Walk will be their last. The event has been celebrated across Australia since 1994,...