ENA Knowledge Resource 2022-11-25 07:37:25 <p><strong>Hyderabad, Nov 25 (KNN)</strong> Total exports from the engineering sector declined by 21.3% to USD 7.4 billion during last month as compared to USD 9.4 billion in October, 2021. </p> <p>According to EEPC India, it is the fourth consecutive month that exports have declined on a year-on-year basis. </p> <p>Witnessing the greatest dip among the 25 destinations that contribute to about 75% of the total engineering exports with regard to China it fell by 64% to USD 227.8 million.</p> <p>Shipments to the European Union (EU) were 23% less at USD 1.26 billion, while exports to North America fell 10.7% to USD 1.66 billion.</p> <p>The continuous decline in engineering exports were also due to the domestic as well as global constraints. </p> <p>With the 2022-23 target set by the Centre at USD 127 billion, the April-October target on a pro-rata basis works out to USD 74.1 billion. </p> <p>However, for the seven months ended October, exports clocked USD 62.50 billion. On a year-on-year basis, this was 2.2% less. <strong>(KNN Bureau)</strong></p> 31329 https://knnindia.co.in/news/newsdetails/knowledge-resource/engineering-exports-slide-213-to-74-bn-in-oct 2022-11-25 07:37:25 knnindia.co.in