Kolkata, Nov. 29 -- 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 percent year-on-year in October 2025 to US$9.37 billion, according to EEPC India.
Engineering goods exports to many key markets recorded negative growth in October 2025, with the ASEAN region recording a nearly 50 pc decline to USD1.02 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 decen...