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India’s exports of formal exports decline

As per latest data released by the government of India, export of formal jackets saw negative growth of 4.02 per cent in 2019 over previous year. The export of the commodity totaled to $ 241.33 million last year.

Under this commodity, jackets and blazers made of other textile material is the major exported product. The export value of this product totaled to $ 97.30 million with a growth of 9.09 per cent in 2019 over the previous year. Cotton jacket and blazer exports is second most exported item with a value of $ 57.86 million, but the product perceived a negative growth of 3.28 per cent in 2019 over the previous year.

Export of causal jackets perceived a negative growth of 5.25 per cent in 2019 over the previous year. Under this commodity, jackets made of cotton is the most popular and exported product. The product’s exports totaled to $49.87 million with a growth of 9.80 per cent in 2019 over previous year. Exports of jackets made of synthetic fiber declined by 6.09 per cent to $35.95 million.

Sport jackets registered an export of $25.1 million with a growth of 21.08 per cent in 2019 over the previous year. Under this commodity, exports of life jackets and lifebelts grew by 12.36 per cent in 2019 to $16.55 million.

 
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