This post was originally published on The Economic Times
New Delhi: Driven largely by a sharp fall in shipments to the US and a high base effect, India’s engineering goods exports declined a whopping 16.71% year-on-year in October 2025 to US$9.37 billion.
Engineering goods exports to many key markets recorded negative growth in October this year, with the ASEAN region recording a nearly 50% decline to US$1.02 billion.
Engineering goods exports to as many as 15 of the 25 key destinations registered negative growth during October 2025.
The US remained the top destination, followed by the UAE and Germany, but exports to these countries declined year-on-year in October 2025. For the other top destinations, viz. In Saudi Arabia and the UK, exports recorded decent growth in October 2025 over the same month last fiscal.
Region-wise, North America and the EU remained the top two exporting regions for Indian engineering, but exports to both regions declined for the second time in October 2025 on a year-on-year basis. Significant decline was also noted in WANA, South Asia, Latin America, and CIS during the period under review.
The decline in exports to the US was fuelled by the combined impact of Section 232 tariffs and the reciprocal tariff. The total value of engineering exports to the US
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