Engineering goods exports to US surge 18% in Jan: EEPC

Kolkata, Mar 5: India’s engineering goods exports to the United States recorded an 18 per cent year-on-year growth in January 2025, reaching USD 1.62 billion, even as overall engineering shipments grew at a modest 7.44 per cent, according to EEPC India.

This comes on a day US President Donald Trump criticised the high tariffs charged by India and other countries, terming them as "very unfair" and announced reciprocal tariffs from April 2 on nations that impose levies on American goods.

During the April-January period of the current financial year, engineering exports to the US rose nearly 9 per cent to USD 15.60 billion from USD 14.38 billion in the corresponding period last year, it said.

Exports to the UAE grew 56 per cent year-on-year to USD 610 million in January, while cumulative shipments rose 45 per cent to USD 6.87 billion during the 10-month period of FY25.

Despite geopolitical tensions and growing trade protectionism, India’s engineering exports have maintained positive growth for the ninth consecutive month. However, the pace of growth slowed to 7.44 per cent in January from 8.32 per cent in December, it added.

Total engineering goods exports stood at USD 9.42 billion in January 2025, compared to USD 8.77 billion in the same month last year, it added.