Engineering exports to US up in April-May

 

India’s exports of engineering goods to the US in April-May were up 10.4% to a value of $3.39 billion, according to the Engineering Export Promotion Council (EEPC). Despite high additional tariffs on major components of the engineering sector, exports of these items to the US remained in the positive zone in May, growing at 4.6% on year to $ 1.75 billion, according to an analysis. Overall, in May, India’s engineering exports to all countries were down 0.82% on year to $9.89 billion, while in April-May engineering exports recorded 4.77% growth up to $19.40 billion. In April-May, iron and steel exports to the US were up 170% on year to $158.4 million, while products of iron and steel saw a growth of 10% to $518.9 million. Similarly, industrial machinery exports to the US were up 17% to $774.1 million in the April-May period, as per a report.

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