Overview

• Shipments crossed $10 billion for the first time this fiscal, led by gains to the US ($1.81 billion, +19% YoY), Germany (+37.8%), the UK (+46.5%), Japan (+55.2%), Brazil (+26.4%) and China (+35.8%).
• Engineering exports for April–July FY26 rose 6.1% to $39.34 billion, according to EEPC data.
• North America accounted for 22% of engineering exports in April–July, underscoring reliance on a single region.
• Not all lanes strengthened, with exports to Turkey down 31% and declines also recorded for the UAE, Saudi Arabia and Singapore; 29 of 34 product panels grew as aircraft and spacecraft, ships and boats, and zinc products fell.
• Exporters cited tariff and geopolitical risks, noting a new US duty increase effective August 27 that lifts combined rates on affected items to about 50% and a WTO forecast for a 2025 trade contraction, and urged policy support and diversification.