India: engineering goods export value 2023| ��ƽ��

Value of engineering goods exports in India from financial year 2011 to 2020, with estimates until 2023 (in billion Indian rupees)

Characteristic	Export value in billion Indian rupees
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Release date

September 2023

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Region

India

Survey time period

FY 2011 to FY 2023

Supplementary notes

India's financial year starts in April and ends in March. For example, FY 2019 started in April 2018 and ended in March 2019.

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of Nov. 2023).

Citation formats

India exported engineering goods worth more than *** trillion Indian rupees in fiscal year 2023, an increase from the previous fiscal year. The engineering products accounted for one-fourth of the country's total merchandise exports, and the United States was its leading importer. These included iron and steel products, non-ferrous metals, industrial machinery, and automobiles, among others.

India in global exports

The country’s share of commercial service exports globally was higher than the share of merchandise exports. However, the share of merchandise exports has been stable since 2015. Among the various goods exported that year from India, the leading commodities included petroleum products and gems and jewelry, apart from engineering goods.

EEPC India

To promote foreign trade and invest in the engineering sector, EEPC India – formerly known as Engineering Export Promotion Council was established by the Indian government way back in 1955. Apart from contributing to policies, it also acts as an advisory body between the engineering industry and the government. It is currently the largest trade promotion organization in the country, with over * members belonging to engineering companies, corporate houses, and small/medium enterprises. SMEs accounted for about ** percent of their members.