China – India’s fastest growing importer of engineering exports China emerges...

China – India’s fastest growing importer of engineering exports

China emerges as fourth largest exporter of non-ferrous metals from India China emerges as fourth largest importer of engineering exports from India
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Over the last year, engineering exports from India to China grew by over 250 per cent from $70 million to $257 million making China the fastest growing exporter in the segment. While the U.S continues to be the largest at $782 million, the country registers a year on year growth rate in exports of 34 per cent.

China’s economic expansion has been the primary driver for the increase in engineering exports, predominantly due to the increase in consumption of non-ferrous metals. Chairman, EEPC India, T S Bhasin said, “Of the total engineering shipments of $257 million , the non-ferrous metal segment accounted $150 million.”

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