EEPC India
Make In India
NABET
Indian Engineering

Highlights of Engineering Exports during 2017-18

  • In 2017-18, India’s merchandise exports rose to 302.84 billion registering a notable growth of 9.78 percent in Dollar terms and 5.56 percent in Rupee terms over 2016-17.
  • India’s engineering exports surpassed the export target and hit US$ 76.2 billion during 2017-18, recording 16.81 percent year-on-year growth.
  • Indian engineering export turned around in March 2018 after the dip in February 2018 registering a meagre year-on-year growth of 1.87 percent in dollar terms over 2017.
  • The share of engineering exports in India's total merchandise exports was estimated at 25.16 percent during 2017-18.
  • Iron and Steel had the largest 14.71 percent share in India’s total engineering exports during 2017-18 followed by Motor Vehicle/cars and Products of Iron & Steel.
  • USA holds the place of most desired destination for India's engineering exporters with 13.47 percent share in total engineering exports during 2017-18. The top products exported to USA includes products of iron and steel, electrical machinery, auto components/parts, Industrial Machinery for dairy, etc and aluminium and products.
  • UAE was the immediate follower of USA with 5.50 percent share keeping China next to it with 4.23 percent share.
  • Region wise, EU retains its top position as importer of Indian engineering products with 20.93 percent share in 2017-18 followed by North America (17.92 per cent share) and ASEAN+2 region (13.96 percent share).
  • Top 10 EU countries which accounts for more than 90 percent of India’s engineering exports to EU includes Germany, UK, Italy, France, Belgium, Spain, Netherlands, Poland, Sweden and Romania.
  • Out of 227 export destinations of Indian engineering goods, top 25 nations accounted for 74.7 percent of India's total engineering exports in 2017-18 compared to 2016-17.
  • India's engineering exports to its top 25 destinations registered growth to the extent of 17.51 percent during 2017-18 compared to 2016-17.
LinkedIn Pinterest You-tube