US, UK, China drive India's engineering goods exports in August
Engineering exports increased 24.86% on-year in August to $12.32 billion of which shipments to the US rose 31% to $2.2 billion, and to China were $424.65 million, up 75%.
In August 2026, India's engineering goods exports experienced a significant surge, growing by 25% on-year, according to industry body EEPC India. This robust performance marked the fifth consecutive month of growth for the current fiscal year. The United States emerged as a key market, with exports to the US increasing by 31% to $2.2 billion.
China also witnessed a notable rise in engineering exports, with shipments to the country soaring by 75% to $424.65 million. The United Kingdom saw a 28.6% increase in engineering exports, while South Korea experienced a staggering 182% growth. Indonesia and Oman also recorded substantial gains, with engineering exports to the latter nearly quadrupling to $198 million.
The surge in exports was attributed to strong demand from the US, UK, South Korea, China, and Indonesia. EEPC India's Chairman, Pankaj Chadha, attributed the positive growth to the global market's growing confidence in "Brand India," despite trade route disruptions and geopolitical tensions. The improvement in exports to key destinations, excluding the UAE and Saudi Arabia, was largely due to logistical challenges stemming from the West Asia crisis.
During the first five months of the current fiscal year, 30 out of 34 engineering panels witnessed positive year-on-year growth, while the remaining four experienced negative growth. Cumulatively, engineering exports from April to August 2026-27 reached $58.7 billion, marking a 19.55% increase compared to the same period in the previous fiscal year.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
