India’s engineering exports jump 18% to $12.24 billion in July; US remains top market
Strong gains in key markets like the US and China kept monthly shipments above $10 billion, though trade body EEPC India warned that geopolitical friction and rising non-tariff barriers pose headwinds.
India's engineering exports surged 18% to $12.24 billion in July 2026, surpassing $10 billion in the first four months of FY27, according to EEPC India. This growth outpaced the 17% increase in overall merchandise exports. The US remained the leading market for Indian engineering exports, with shipments valued at $2.18 billion, up 20% year-on-year.
Engineering exports accounted for 27.7% of total merchandise exports in July 2026. Despite the positive trend, challenges persist due to higher energy and shipping costs, geopolitical tensions, and strict technical requirements. EEPC India chairman Pankaj Chadha emphasized the need for competitiveness, scale, technological upgrading, and market diversification to sustain export growth.
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