{"id":317801,"date":"2025-11-30T03:50:10","date_gmt":"2025-11-30T03:50:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/317801\/"},"modified":"2025-11-30T03:50:10","modified_gmt":"2025-11-30T03:50:10","slug":"us-tariffs-bite-indias-engineering-exports-slump-16-7-in-october-asean-eu-and-uae-shipments-weaken","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/317801\/","title":{"rendered":"US tariffs bite: India\u2019s engineering exports slump 16.7% in October; Asean, EU and UAE shipments weaken"},"content":{"rendered":"<p> <img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/11\/1764474610_187_india-exports.jpg\" alt=\"US tariffs bite: India\u2019s engineering exports slump 16.7% in October; Asean, EU and UAE shipments weaken\" title=\"Representative image\" decoding=\"async\" fetchpriority=\"high\"\/> India\u2019s engineering goods exports fell a steep 16.71 per cent year-on-year in October 2025 to $9.37 billion, primarily due to a sharp drop in shipments to the US and a high base effect, the Engineering Export Promotion Council of India (EEPC) said on Saturday.Exports to key markets recorded widespread declines, with the Asean region seeing an almost 50 per cent fall to $1.02 billion.The US remained India\u2019s top destination for engineering goods, but shipments dropped 14.5 per cent to $1.39 billion in October 2025, compared with $1.63 billion a year earlier. The decline was driven by the combined impact of Section 232 tariffs and reciprocal tariffs, EEPC said. Exports to the UAE fell 19.3 per cent to $667 million, while North America and the EU \u2014 the top two regions \u2014 also witnessed year-on-year declines for the second consecutive month. Significant drops were noted across WANA, South Asia, Latin America and the CIS region.\u201cWhile a high base effect was one of the reasons for the drop in exports during October this year, it was also a result of the US-administered reciprocal tariffs\u2026 The industry believes that trade diversion due to US tariffs is one of the reasons behind the declining exports,\u201d EEPC Chairman Pankaj Chadha said. He added that the industry welcomed the government approving over Rs 25,000 crore for the Export Promotion Mission and Rs 20,000 crore for credit guarantee support.The fall in October marked the second monthly decline of FY26 after May, ending a four-month streak of growth. Panel-wise data showed major contractions in \u2018Aircrafts and Spacecraft\u2019 and \u2018Ships, Boats and Floating structures\u2019, both falling over 80 per cent.Key categories including \u2018Electrical machinery\u2019, \u2018Products of iron and steel\u2019, \u2018Industrial machinery\u2019 and \u2018Aluminium products\u2019 also registered year-on-year declines. Overall, 23 of 34 engineering panels recorded negative growth in October.India\u2019s exports to the US have been under pressure for months due to steep tariff hikes. Between May and October 2025, US-bound shipments fell 28.5 per cent as American duties climbed from 10 per cent in April to 50 per cent by late August, as per a GTRI report. Labour-intensive goods, which faced 50 per cent tariffs, saw a 31.2 per cent drop in the same period.Despite the October setback, engineering exports grew 1.68 per cent on a cumulative basis during April-October 2025, rising to $68.73 billion from $67.60 billion a year earlier, ANI reported.<\/p>\n","protected":false},"excerpt":{"rendered":"India\u2019s engineering goods exports fell a steep 16.71 per cent year-on-year in October 2025 to $9.37 billion, primarily&hellip;\n","protected":false},"author":2,"featured_media":317802,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[179307,64,63,99,179308,164,179305,179302,179304,179301,179306,179303,179309,43095],"class_list":{"0":"post-317801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asean-region-export-decline","9":"tag-au","10":"tag-australia","11":"tag-business","12":"tag-cumulative-engineering-exports-growth","13":"tag-economy","14":"tag-eepc-india","15":"tag-engineering-goods-export-decline","16":"tag-engineering-products-export-statistics","17":"tag-india-engineering-goods-exports","18":"tag-india-export-promotion-mission","19":"tag-october-2025-engineering-exports","20":"tag-pankaj-chadha-eepc","21":"tag-us-tariffs-on-indian-exports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/317801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=317801"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/317801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/317802"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=317801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=317801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=317801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}