Engineering exports in May up; shipments to China fall

Exports of engineering goods witnessed a year-on-year growth for the third straight month in May and crossed $8 billion-mark, while shipments to China continued to decline, EEPC India said on Tuesday. Shipments to China fell sharply by 35 per cent in May with total exports value pegged at $ 444.65 million as against $684.51 million in the same month last year.

“The US topped as India’s export destination for engineering goods. Shipments to the country jumped 56 per cent to USD 1,022 million in May compared to USD 655.37 million in the corresponding month last year,” the EEPC said.

Among the ASEAN countries under the top 25 engineering exports destinations, Indonesia, Thailand and Vietnam recorded high positive growth, while Singapore and Malaysia posted negative growth during April- May 2021.

All the European countries in the top market list such as Germany, Italy, France, UK, Spain, Poland and Belgium recorded high positive monthly as well as cumulative growth during this period.

Source link


Mexico’s political murders put focus on rising violence

It was a sunny afternoon in Ciudad Obregón, a town in northwestern Mexico. Abel Murrieta, running for mayor of the municipality of Cajeme,...

Pregnant Dani Dyer shows off her baby bump in a skintight black dress

'Date day': Pregnant Dani Dyer shows off her baby bump in...

Kim Kardashian & North West appear unbothered by Kanye’s ‘battery investigation’ as they film TikTok

Kim Kardashian seemed unbothered by ex Kanye West's latest headline-making incident as she appeared in a new TikTok clip with daughter North West...

Buying Baby Blankets: 3 Tips That You Must Know

As new parents, the journey becomes tricky when you have to stack baby essentials beforehand so that you do not fall short of anything...

Workers and unions find power in tech tools like Facebook, Signal and Zoom in their labor battles

On Oct. 13, eight days after 1,400 Kellogg manufacturing plant employees went on strike, the union posted a photo to its public Facebook...