Indian textile and apparel exports have grown 2% to US$27.2bn in the first nine months of fiscal 2019, new figures show.
The Wazir Textile Index by consultants Wazir Advisors, citing data from The Directorate General of Commercial Intelligence and Statistics (DGCIS), indicated apparel exports specifically, however, declined by 8% for the period to $11.4bn. This was largely due to a significant decline in exports to the United Arab Emirates, according to Wazir Advisors.
The categories of fibre, yarn and filament witnessed double-digit growth of 25%, 17% and 12%, respectively.
The European Union, the United States and the United Arab Emirates remain the top export destinations for India’s textile and apparel products with a combined share of 54%.
Meanwhile, textile and apparel imports increased by 5% during the period to $5.6bn.
Apparel imports surged 52% to US$831m, boosted by increased imports from countries like Bangladesh and Sri Lanka, which have increased by more than 100%.
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By GlobalDataChina continues to be the largest import partner for India with a share of 38% during the period. However, the imports from China have declined by 2% on a year-on-year basis.
Imports of all categories except fibre and home textiles have grown in the first nine months of fiscal 2019 as compared to last year.
