India's Engineering Exports to New Zealand Expected to Double to $280-$300 Million Over Next Five Years

India's Engineering Exports to New Zealand Poised to Double with Free Trade Agreement

India's engineering exports to New Zealand are on the cusp of a significant surge, with officials predicting a doubling of shipments over the next five years. This growth is attributed to the recent signing of a free trade agreement (FTA) that grants zero-duty market access to all Indian goods.

The pact is expected to provide a substantial boost to the engineering sector, particularly small and medium-sized enterprises (MSMEs), by lowering trade barriers and ensuring stable market access in a relatively small but high-potential destination. According to EEPC India, the country's engineering exports to New Zealand have already shown steady traction, rising by around 8% to $140.5 million in 2025-26 from $129.8 million in the previous fiscal.

The growth in engineering shipments to New Zealand has been driven by a range of products, including automobiles, dairy sector machinery, and medical and scientific instruments. Metal-based products such as iron and steel, aluminium, and zinc have also contributed meaningfully to the sector's growth.

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With zero-duty access and predictable trade rules, India's engineering sector is well-positioned to scale up exports to New Zealand over the next five years. Officials predict that shipments will reach $280-300 million by 2030, up from the current level of $140.5 million.

India's Broader Push for Engineering Exports

The development comes amid a broader push by India to expand its engineering exports footprint through trade agreements. Existing pacts with Australia and the United Arab Emirates have already opened new avenues for growth, while proposed deals with the EU and the US are expected to further accelerate the sector's growth.

The engineering sector is targeting exports of $250 billion by 2030, with FTAs seen as a key lever to drive scale and market diversification. With the signing of the FTA with New Zealand, India's engineering sector is poised to achieve significant growth and establish itself as a major player in the global market.

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Comparison of Engineering Exports to New Zealand

Note: The predicted growth in engineering exports to New Zealand over the next five years is expected to reach $280-300 million.