Exports of engineering goods to the US increased 68.4 percent in October (year-on-year) to $1.45 billion while shipments to China surged 165 percent to $ 635.6 million.

“At $ 60.98 billion cumulative exports in April-October 2021-22 period, the engineering goods sector has achieved 57 percent of the full-year target,” according to a statement issued by EEPC India on Thursday.

The rise in exports was spread across products and destinations.

All the 33 engineering goods categories including aircraft parts and ship boats & floating products recorded growth in exports during October 2021, the release said.

Exports posted an increase in 23 out of 25 top export destinations during this period. Exports to three top destinations — the US, China, and UAE saw a sharp increase in October on strong economic recovery and pent-up demand.

“In the last decade, engineering export’s share in India’s total merchandise exports has increased significantly from around 17% to 26%. This growth is majorly attributed to constant up-gradation of the value chain and exploration of new economies,” according to EEPC Chairman Mahesh Desai said.

Exports to the UAE, too, went up 70 percent to $467.5 million in October.

Engineering goods exports to Mexico and Malaysia, however, fell in October by 12 percent and 58 percent, respectively.