Engg Exports To US Surge 18% In Jan

New Delhi: India’s engineering goods exports have recorded robust growth in January this year despite uncertainties in the global markets, with the United States being the top destination.

The country’s engineering goods exports to the US recorded an 18 per cent year-on-year growth in January to touch the $1.62 billion mark. Total exports of engineering products during the month recorded a 7.44 per cent growth at $9.42 billion in January 2025, compared to $8.77 billion in the same month last year, according to figures compiled by the Engineering Exports Promotion Council (EEPC).

Despite geopolitical tensions and growing trade protectionism, India’s engineering exports have maintained positive growth for the ninth consecutive month, an EEPC statement said. EEPC India Chairman Pankaj Chadha said: “Engineering exporting community has managed to record positive growth despite significant global turmoil in the form of continuing conflicts and increasing protectionism by some of our major export destinations.”

His statement comes at a time when American President Donald Trump has announced a hike in the tariff on Indian exports from April 2 as part of what he calls a reciprocal tariff policy.”Global exports seem to be at the crossroads of major changes with new geopolitical challenges. Trade policies worldwide are evolving to address national concerns, but they are putting unprecedented pressure on businesses,” Chadha said.

Chadha cautioned that the latest US tariffs highlight the challenges exporters are likely to face in the coming days, adding that continuous government support in export credit and technology would be critical to maintaining competitiveness.

Globally, more than 3,000 trade restrictions were implemented in 2024 alone, posing risks to the multilateral trading system, according to the Global Trade Outlook 2025 published by the International Chamber of Commerce (ICC), he added.

India’s top engineering export destinations like Germany, Mexico, Turkey, South Africa, France, Japan, Nepal, and Bangladesh registered positive growth in January. However, shipments to the UK, Saudi Arabia, Malaysia, China, Italy, and Spain recorded negative growth. Indian engineering exports continued their year-on-year growth streak for the ninth straight month in January, but the growth rate moderated to 7.44 per cent from 8.32 per cent in December, the EEPC said.