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India’s textile machinery exports grows over 11 per cent in Q2 FY18-19

"Exports of textile machinery in the second quarter of FY 18-19 totaled $227.31 million, registering 11.10 per cent growth over previous quarter. Spinning, twisting and yarn preparation machinery accounted for 41 per cent of total exports during the quarter. Vietnam emerged as the top export market for India’s textile machinery with exports worth $17.41 million. Exports of printing machinery, including digital printing machines grew 8.47 per cent to $31.26 million. Under this commodity, offset printing machinery reel feed was the topmost exported commodity with value of $4.38 million."

 

Indias textile machinery exports grows over 11 per cent in Q2 FY18 19 002Exports of textile machinery in the second quarter of FY 18-19 totaled $227.31 million, registering 11.10 per cent growth over previous quarter. Spinning, twisting and yarn preparation machinery accounted for 41 per cent of total exports during the quarter. Vietnam emerged as the top export market for India’s textile machinery with exports worth $17.41 million.

Printing machine exports top with 8.47 per cent increase

Exports of printing machinery, including digital printing machines grew 8.47 per cent to $31.26 million. Under this commodity, offset printing machinery reel feed was the topmost exported commodity with value of $4.38 million.

Auxiliary machinery used with other machines was the second highest exported commodity with exports totaling $46.50 million growing 9.45 per cent over previous quarter. Export of parts and accessories for manmade textile material was worth $10.50 million registering a growth of 14.63 per cent over previous quarter.

Weaving loom exports fell

Weaving machine looms witnessed a negative growth of 2.19 per cent to $8.95 over previous fiscal. Knitting machine exportsIndias textile machinery exports grows over 11 per cent in Q2 FY18 19 001 was worth $0.41 million with negative growth of 30.51 per cent. Machinery used for nonwoven sector witnessed a slight rise in exports by 50 per cent to $0.09 million.

Sewing machine exports increased to $14.89 million, a growth of 6.05 per cent over the previous quarter. Exports of hand operated sewing machines and other sewing machines grew 30.86 per cent and 40.11 per cent respectively.

Vietnam a booming market for Indian exports

Vietnam emerged as the topmost export market in Q2. Exports to Vietnam were worth $17.41 million in Q2 a growth of 43.29 cent over previous quarter. Spinning, twisting and yarn preparation machines were the most exported commodity with an export value of $13.85 million, a growth of 32 per cent. Exports of printing machinery, including digital printing machines totaled to $0.28 million. Weaving machines (looms) witnessed a good increase in its export value with growth of 1,322 per cent with export value of $1.28 million.

Germany remained the second largest market in Q2 with a growth of 1.43 per cent. The country has 7 per cent share in total exports from India’s textile machinery. Export of auxiliary machinery used with other machine was worth $ 6.07 million a growth of 59.74 per cent in Q2. Parts of laundry machine and machine for rolling, folding and cutting was second top commodity with their exports totaling to US$ 4.14 million in Q2. Growth of machines declined 14.11 per cent over the previous quarter.

Turkey moves one spot higher

Turkey was the third largest export market of textile machinery from India with exports worth $13.97 million, a progressive growth of 4.64 per cent over previous quarter. Spinning, twisting and yarn preparation machines were the most exported commodity. The country imported machinery worth $5.86 million from India in Q2 with growth of 67.06 per cent over previous quarter and 402.05 per cent over. Printing machines including digital printing and auxiliary machine exports declined 89.19 per cent and 27.73 per cent.

 
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