Textiles and apparel exports grow 5 per cent in May

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Published: June 19, 2019 1:01:43 AM

For the first two months of the current financial year, T&A exports grew 2.26% to $6.065 billion as against $5.931 billion in the same two months of the previous fiscal, said the Confederation of Indian Textile Industry (CITI).

Textile, apparel export, industry news, handloom products, cotton yarn, textile industry, apparel industry, Confederation of Indian Textile Industry, CITI, Textiles and apparel exports grow 5 per cent in May 

Led predominately by the apparel sector, the textile and apparel (T&A) exports for May grew 5.25% to $3.152 billion as compared to $2.995 billion in the same period last year. For the first two months of the current financial year, T&A exports grew 2.26% to $6.065 billion as against $5.931 billion in the same two months of the previous fiscal, said the Confederation of Indian Textile Industry (CITI).

Textile exports in May declined 1.94% to $1.624 billion as against $1.656 billion in May 2018 and, for the first two months of the current fiscal, it declined 3.55% to $3.128 billion as compared to $3.243 billion in the April-May period of 2018. However, on the other hand, apparel exports grew 14.15% in May to $1.528 billion as compared to $1.338 billion in May 2018. For the first two months of current fiscal, it grew 9.27% to $2.937 billion as against $2.688 billion in April and May 2018, CITI said in its analysis.

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The largest segment under textiles category — cotton yarn/fabs/made-ups, handloom products — has reported a decline of 5.94% in May to $885 million (from $941 million in May 2018). For the first two months of the current financial year, it declined by 5.89% to $1.729 billion (from $1.837 billion in the same period last year). Other segments in the textile category such as jute manufacturing, carpet, handicrafts saw growth of 7.86%, 1.54% and 23.87%, respectively, in May.

CITI analysis further said imports of textile yarn fabric, made-ups in May grew 9% to $175.79 million as compared to $161.17 million in May 2018. And for April and May, the imports of these item grew 11.72% to $320.78 million as against $287.13 million.

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