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UAE, Russia, & Saudi Arabia Among the Top Importers of Indian Engineering Goods: EEPC

Published on April 01, 2024
Current Context: The UAE, Russia, and Saudi Arabia are among the top importers of Indian engineering goods.
UAE, Russia, & Saudi Arabia Among the Top Importers of Indian Engineering Goods: EEPC
  • Here are some details:
    • UAE: It was the second-largest market for India with engineering exports rising 16% in the first eleven months to $5.22 billion.
    • Saudi Arabia: It was the third-largest market with exports of engineering items spiking 75% to $4.62 billion in April-February 2023-24.
    • Russia: There was a near-doubling of engineering goods exports to Russia in April-February 2023-24, with a 99% increase to $1.22 billion.
  • This growth in exports has been possible despite the difficult global trade situation.
  • However, it’s worth noting that exports of engineering goods to the UAE fell 7% to $499 million in February 2024.
  • The share of engineering exports in India’s total goods exports increased to 24.01% in February 2024 from 23.75% in January 2024.
  • The share was 24.82% during April-February 2023-24.

Question:

Q.1 Which country was the second-largest market for India’s engineering exports?
a. Russia
b. Saudi Arabia
c. UAE
d. China
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