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Shipping, aviation products behind engineering exports surge
In October, as many as 33 out of 34 engineering panels witnessed positive year-on-year growth. (Image/Reuters)
Dr.G.R.Balakrishnan Nov 28 2024 Exim & Trade News

Shipping, aviation products behind engineering exports surge

In April-October exports to Singapore were up 67% on year to $ 3.1 billion while to UAE the growth in engineering goods shipments was 49% to $ 4.5 billion.

Engineering exports in October saw an increase of $ 3.1 billion on year in value terms to $ 11.2 billion and more than half of it is accounted for by exports by the shipping and aircraft products, according to the commerce ministry data.

Exports under the head of ships, boats and floating products and parts went up by 1400% on year in October to $ 1.09 billion from $ 72.8 million in the same month last year. Similarly exports of aircraft and related products increased 407% on year in October to $ 666.5 million.