From January 2022 to August 2022, textiles took up the largest proportion of India’s textile and apparel exports.
Textiles had a 55 per cent share. Apparel had a 44 per centshare. Cotton yarn fabrics and products accounted for 33 per cent and chemical fiber yarn fabrics and products accounted for 13 per cent.
In terms of year-on-year changes, the growth rate of India’s textile and apparel exports continued to decline since the beginning of this year and turned negative in July and August, reducing by 14 per cent and 16 per cent respectively.
As for monthly changes, Indian textile and apparel exports did not perform well from July to August, yet a view from January to August reveals that India’s cumulative textile and apparel exports still achieved a year-on-year increase of six per cent, of which garments increased by 18 per cent while textiles declined by one per cent.
Exports of cotton yarn fabrics and products showed a negative year-on-year growth since May. Chemical fiber yarn fabrics and products began to see negative growth in July, and apparel exports also declined slightly from July to August. India’s cotton yarn fabric exports showed sign of slowdown as early as the second quarter of this year.