Apparel exports from India registered an impressive growth of 30.2 per cent year-on-year and registered $4439.2 million in the first three months of current fiscal 2022-23, as per the preliminary estimates of export and import issued by the ministry of commerce and industry. India’s apparel exports stood at $3408.4 million in April-June 2021.
The export of readymade garments (RMG) of all textiles contributed 3.80 per cent in the country’s total merchandise export in April-June 2022. India’s RMG exports were worth $1449.3 million in June 2022, against export of $1003.3 million in June 2021, showing a growth of 44.67 per cent. RMG contributed 3.82 per cent in total merchandise export of June 2022.
Apparel exports from India registered an impressive growth of 30.2 per cent year-on-year and registered $4439.2 million in the first three months of current fiscal 2022-23, as per the preliminary estimates of export and import issued by the ministry of commerce and industry. India’s apparel exports stood at $3408.4 million in April-June 2021.
According to an analysis of Confederation of Indian Textile Industry (CITI) based on the ministry’s data, India exported cotton yarn, fabrics, made-ups and handloom products, etc worth $3124 million during the first three months of current fiscal, against the export of $3364.4 million in the same period of last fiscal. It shows downfall in export of cotton textiles. The export declined 22.5 per cent to $925.2 million in June 2022 against the export of $1194.5 million.
India’s overall merchandise export in June 2022 amounted to $37.94 billion, showing an increase of 16.78 per cent over $32.49 billion achieved in June 2021. The country’s merchandise export in April-June 2022 was $116.77 billion, with an increase of 22.22 per cent over $95.54 billion in April-June 2021.
India’s total merchandise import in June 2022 was $63.58 billion, registering an increase of 51.02 per cent over $42.1 billion in June 2021. India’s merchandise import in April-June 2022-23 was $187.02 billion, i.e., an increase of 47.31 per cent over $126.96 billion in April-June 2021-22.
Fibre2Fashion News Desk (KUL)
