Chinaa's export of spun yarn grew sharply by 35 per cent in volume terms while the rise in value terms was 16 per cent. For second month in a row, China’s imports of Indian spun yarn jumped in July. However, overall unit value realisation continued to inch down.
China was the top importer of Indian spun yarn in July, accounting for 45 per cent of Indian spun yarn exports. Bangladesh, the second largest importer of spun yarns, accounted for close to 11 per cent of all spun yarn exported from India. However, exports to Bangladesh increased two per cent in volumes and fell six per cent in value. Egypt continued to be the third largest importer of spun yarns, with volume and value both down 18 per cent and 25 per cent. These three top importers together accounted for 60 per cent of all spun yarn exported from India in July.
Nigeria, Mexico, Cambodia and Norway were among the fastest growing markets in June, more than doubling their imports from India. However, they together accounted for only 0.5 per cent of total exports. Saudi Arabia, Latvia, Chile, Croatia and Czech Republic almost halved their imports from India compared to their levels a year ago.