While engineering goods exports from India to most key nations recorded high double-digit growth in June mirroring global trade recovery, shipments to China, Singapore and Malaysia fell sharply during this period, said a media release issued by EEPC India on Friday.
Exports to China, world’s largest buyer of raw material, in value terms declined 33% to US$ 501.9 million in June, 2021 from US$ 747.1 million in the same month last year. On a cumulative basis also, exports to China fell 15.4% in April-June period of FY22 to US$ 1357.9 million from US$ 1604.9 million in the corresponding period last financial year.
As per trade data …
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