Trending News
Saudi Ports Authority adds new service at King Abdul Aziz Port...
  Daily Exim

NEWS DETAILS

Date: 28/03/2024

India’s engineering exports boosted by FTAs

India’s engineering goods exports this fiscal have benefitted from the Free Trade Agreements (FTA) with UAE and Australia and the change in direction of trade flows brought about by the geopolitical realignments. While engineering exports to the UAE rose 16% year-on-year to $5.22 billion in the current fiscal till February, shipments to Australia increased 5% to $1.30 billion during this period. Besides, while Russia has become a major trading partner in the last two years largely due to imports of petroleum crude, engineering exports to the country also doubled during April-February this year to $1.2 billion as compared to the same period last year. 
 
The US, however, remains the biggest market for the sector, though shipments declined 7% to $15.9 billion. Engineering exports to China witnessed a marginal decline in FY24 till February at $2.38 billion, as per a report.
 
Source: Exim News Service: New Delhi, March 27



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.