India's apparel exports increase 30.2% in April-June 2022

The export of readymade garments (RMG) of all textiles contributed 3.80 per cent in the country’s total merchandise export in April-June 2022. India’s RMG exports were worth $1449.3 million in June 2022, against export of $1003.3 million in June 2021, showing a growth of 44.67 per cent. RMG contributed 3.82 per cent in total merchandise export of June 2022.

According to an analysis of Confederation of Indian Textile Industry (CITI) based on the ministry’s data, India exported cotton yarn, fabrics, made-ups and handloom products, etc worth $3124 million during the first three months of current fiscal, against the export of $3364.4 million in the same period of last fiscal. It shows downfall in export of cotton textiles. The export declined 22.5 per cent to $925.2 million in June 2022 against the export of $1194.5 million.

India’s overall merchandise export in June 2022 amounted to $37.94 billion, showing an increase of 16.78 per cent over $32.49 billion achieved in June 2021. The country’s merchandise export in April-June 2022 was $116.77 billion, with an increase of 22.22 per cent over $95.54 billion in April-June 2021.

India’s total merchandise import in June 2022 was $63.58 billion, registering an increase of 51.02 per cent over $42.1 billion in June 2021. India’s merchandise import in April-June 2022-23 was $187.02 billion, i.e., an increase of 47.31 per cent over $126.96 billion in April-June 2021-22.

ALCHEMPro News Desk (KUL)