India’s Engineering Goods Exports Hit $10.36 Billion in February 2026, Achieving Double-Digit Growth
New Delhi, March 25, 2026 – Despite ongoing geopolitical tensions and a global economic slowdown, India’s engineering goods exports recorded 12.9% year-on-year growth in February 2026, reaching $10.36 billion, according to EEPC India.Among the 25 key export markets, shipments to 17 countries grew, even as exports to the US and UAE declined. Notably, exports to China, Saudi Arabia, the UK, Singapore, and South Korea showed significant increases. Engineering exports to China more than doubled, reaching $436.18 million compared to $207.45 million in February 2025.
India’s top export market, the US, saw shipments fall 4.9% YoY to $1.57 billion, while exports to the UAE, the second-largest market, declined 14% YoY.
EEPC India Chairman Pankaj Chadha described the performance as a “silver lining for the engineering community”, highlighting challenges from war-risk surcharges, high insurance premiums, skyrocketing energy prices, high freight costs, and raw material shortages.
The share of engineering goods in total merchandise exports stood at 28.3% in February 2026, slightly down from 28.5% in January 2026.
Chadha also welcomed the government’s Rs 497 crore Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme, which provides credit insurance cover for exporters affected by the West Asia conflict, helping mitigate the impact of disruptions on global trade.
Prime Minister Narendra Modi has emphasized that the West Asia crisis poses significant challenges not only for India but also for the global economy, making timely interventions like the RELIEF scheme critical for exporters.
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