Engineering exports to China more than double
Tribune News Service
New Delhi, January 3
Shipments of engineering goods to China more than doubled in November to $434.6 million as compared to $205.3 million in November last year. The US, however, remained top importer at $1.196 billion during this period, registering a growth of 36.6% over $875 million in the same month last year.
The UAE was the third biggest market for Indian engineering goods with total shipment value at $404.4 million in the previous month.
Overall, however, engineering exports in November slowed down to $7.7 billion from $9.03 billion in the previous month of October
“The slowdown seems to indicate the distress exporters are facing. Experts around the globe have already predicted that while global trade growth is remarkable it is not even across the countries,” said EEPC India chairman Mahesh Desai.
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