Engineering exports to US dip in Oct.

India’s engineering goods exports to the US declined 14.5% (year-on-year) in October 2025 to $1.39 billion against $1.63 billion in October 2024, hit by the combined impact of reciprocal tariffs and sectoral tariffs (section 232) on items such as steel and auto parts, as per an analysis by the Engineering Export Promotion Council (EEPC). Overall engineering goods exports in October 2025 declined 16.71% (y-o-y) to $9.37 billion, pulled down largely by a sharp fall in shipments to the US and a high base effect. The fall in October was led by the more than 80% decline in exports of aircraft, spacecraft and ships, boats and floating structures, according to panel-wise analysis of the data. As many as 23 of 34 engineering panels witnessed a decline in October 2025, as per a report.

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