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India’s knit T-shirts exports drop in Q2, Nigeria and South Africa are exceptions

"Growth in India’s knit T-shirt exports in Q2 FY 18-19 declined by 9.62 per cent over the previous quarter. Within the knitted T-shirts segment, cotton tees accounts for 73 per cent of the total share value at $414.54 million. The second topmost commodity in Q2 FY 18-19 under the knitted T-shirt segment included those made from other fibers. The export value of this commodity was $121.61 million in Q2. Exports of T-shirts made from synthetic fibres declined 45.30 per cent at S$ 31.33 million."

 

Indias knit T shirts exports drop in Q2 Nigeria and South Africa are exceptions 002Growth in India’s knit T-shirt exports in Q2 FY 18-19 declined by 9.62 per cent over the previous quarter. Within the knitted T-shirts segment, cotton tees accounts for 73 per cent of the total share value at $414.54 million. The second topmost commodity in Q2 FY 18-19 under the knitted T-shirt segment included those made from other fibers. The export value of this commodity was $121.61 million in Q2. Exports of T-shirts made from synthetic fibres declined 45.30 per cent at S$ 31.33 million. Growth of T-shirts made of both artificial fibre and wool declined. T-shirts made of artificial fibre declined by 48.76 per cent while those made of wool declined by 69.57 per cent.

Country break up

USA: Indian exports to the US in the second quarter of the financial year totaled $126.52 million. Of this, cotton T-shirts recorded an export value of $93.78 million. The second highest commodity exported included T-shirts made from other fibers which was worth $27.2 million in Q2 FY 18-19. This commodity witnessed a decline of 19.32 per cent over the previous quarter.

Nigeria: Nigeria recorded positive growth. The country’s total knit T-shirt imports from India was $23.27 million in Q2 aIndias knit T shirts exports drop in Q2 Nigeria and South Africa are exceptions 001 growth of 43.11 per cent over previous quarter. Import of cotton T-shirts was $17.31 million whereas T-shirts made from other fibers was $5.95 million.

U.A.E: India’s exports of knit t-shirts to UAE was worth $136.88 million in Q2 FY 17-18, a drastic fall of 40.76 per cent. Export of cotton tees was $43.69 million, declining 14.25 per cent over previous quarter. Export of t-shirts made of other fibers was $24.45 million with a negative growth of 4.49 per cent over the previous quarter.

Germany: T-shirt export to Germany was $53.51 million in Q2 FY 18-19 with negative growth of 3.5 per cent over previous quarter. Here too cotton knitted t-shirt ruled the basket with an export value of $37.99 million. T-shirts made of other fibres perceived a positive growth of 12.07 per cent to $13.18 million in Q2 FY 18-19.

UK: United Kingdom’s knitted T-shirt imports from India saw a fall of 12.22 per cent in Q2 FY 18-19 to $40.44 million. Export of cotton T-shirts dropped by 14.81 per cent to $31.13 million in Q2 FY 18-19. Cotton knitted T-shirt exports was worth $0.44 in Q2. Export of t-shirts made of other fibres was worth $7.45 million.

South Africa: India’s exports of knitted T-shirts to South Africa improved with a growth of 48.90 per cent recording an export value of $24.39 million. Cotton t-shirt exports totaled $19.61 million in Q2 FY 18-19, a growth of 87.30 per cent over the previous quarter.

Italy: India’s knitted t-shirt exports to Italy dropped in Q2 FY 18-19 by 12.85 per cent. Export valued at $11.26 million. Cotton T-shirt exports dropped 10.20 per cent while T-shirts made of other fibres dropped 25.79 per cent.

 

 
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