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India's Engineering Export performance

Engineering exports from India has been growing considerably and the performance has exceeded since the birth of EEPC India. Infact, Engineering exports touched a record-high growth during Fiscal 2017-18 with over USD 76 billion exports and 16.81 percent growth over the previous fiscal. This is the highest annual exports figure in the independence period breaking the 2014-15 figure of USD 70 billion. Moreover, India managed to slightly narrow the trade deficit in engineering sector in 2017-18 vis-à-vis 2016-17. Apart from being one of the largest stakeholders contributing more than 25% of total merchandise exports, the engineering exporters are the foremost net foreign exchange earner in the country. India’s engineering exports increased by 16.8% year-on-year to US$ 76.2 billion during 2017-18 as against US$ 65.24 billion in the previous fiscal.

Trend in India’s overall merchandise exports and engineering exports
US$ Billion

Source: DGCI&S

Transformation

EEPC India played instrumental role in transformation of India’s engineering export basket.

Composition of Indian Engineering Export (1956-57)

Source: DGCI&S

Composition of Indian Engineering Export (2017-18)

Today, out of total engineering exports, the proportion of consumer durables decreased from 34% in 1956-57 to 28% in 2017-18, while the proportion of capital goods increased considerably from 12% in 1956-57 to 37% in 2017-18.

Diversification

During the nascent stage, Indian engineering exports were mainly confined to Asia and to a small extent to Africa. Over the years, the scenario has completely changed and as of date, about 39% of total engineering exports are made to developed countries. A table showing exports more than 39% to developed countries out of total engineering exports is given below:

Region

1956-57

2017-18

EU

0%

20.9%

North America

0%

17.9%

Region wise Export of Engineering Goods (1956-57)

Source: DGCI&S


Region wise Export of Engineering Goods (2016-17)

Source: DGCI&S


Panel wise India’s engineering exports in 2017-18
US$ Million
Sl. no. Panel 2016-17 2017-18 Growth (%)
1. Iron and Steel and Products made of Iron and Steel
A Iron and Steel 8659.26 11206.93 29.42%
B Products of Iron and Steel 5895.43 6769.14 14.82%
Sub Total14554.6917976.0723.51%
2. Non-Ferrous Metals and Products made of Non-Ferrous Metals

A

Copper and products

2672.84

3481.25

30.25

B

Aluminium and products

3244.65

4793.87

47.75

C

Zinc and products

609.72

955.67

56.74

D

Nickel and products

93.19

46.53

-50.07

E

Lead and products

236.89

396.65

67.44

F

Tin and products

8.83

11.1

25.71

G

Other Non-Ferrous Metals

445.7

504.82

13.26

Sub Total

7311.82

10189.89

39.36

3. Industrial Machinery

A

Industrial Machinery like Boilers, parts, etc

669.96

606.49

-9.47

B

IC Engines and Parts

2115.14

2423.94

14.6

C

Pumps of all types

761.49

966.86

26.97

D

Air condition and Refrigerators

983.58

1294.32

31.59

E

Industrial Machinery for dairy, food processing , textiles etc

4640.94

5341.03

15.09

F

Machine Tools

450.01

468.44

4.1

G

Machinery for Injecting moulding, valves and ATMs

1268.77

1520.89

19.87

Sub Total

10889.9

12622

15.91

4

Electrical Machinery

4741.51

6701.83

41.34

5. Automobiles

A

Motor Vehicle/cars

7551.7

8482.61

12.33

B

Two and Three Wheelers

1637.88

2001.15

22.18

C

Auto Components/Part

4205.38

5205.6

23.78

Sub Total

13394.96

15689.36

17.13

6 Aircrafts and Spacecraft parts and products 3381.67 2264.99 -33.02
7 Ships Boats and Floating products and parts 4370.09 3075.18 -29.63
8. Other engineering products

A

Medical and Scientific instruments

1392.73

1649.66

18.45

B

Railway Transport

231.92

286.67

23.61

C

Hand Tools & Cutting Tools

638.95

711.53

11.36

D

Electrodes Accumulators

40.69

43.94

7.99

E

Accumulator and Batteries

231.21

271.79

17.55

F

Bicycle & Parts

293.67

328.18

11.75

G

Cranes Lifts & Winches

386.26

385.12

-0.3

H

Office Equipments

116.94

78.23

-33.1

I

Other Construction Machinery

1067.41

1440.98

35

J

Prime Mica & Mica Products

18.16

20.78

14.43

K

OTHER MISC. ITEMS

2176.62

2468.24

13.4

Sub total

6594.56

7685.12

16.54

Total engineering exports from India

65239.20

76204.40

16.81

Source: DGCI&S, Government of India

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