Indian engineering exports continued its growth run for the third month in a row to July 2024 touching exports at US$ 9.04 billion in July 2024.
In July 2024, 24 out of 34 engineering panels witnessed positive year-on-year growth, while 10 remaining engineering panels experienced decline.
The top five export destinations that experienced positive growth in April-July 2024 were USA, UAE, Saudi Arabia, Turkey, Singapore, UK, Mexico.
Region wise, North America and European Union remained India's topmost destinations for engineering exports with share of around 21% & 17% respectively, in India's total engineering exports. WANA registered highest growth of 26% during April-July 2024-25