Home breadcru News breadcru Trade breadcru  | Singapore imports apparel worth $43.8 mn from India in Jan-Aug 2023

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Singapore imports apparel worth $43.8 mn from India in Jan-Aug 2023

24 Oct '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Singapore imported $******** million of apparel from India, constituting *.*7 per cent of its total apparel imports from January to August.
  • India aims to increase its presence in Singapore's textile market, which is dominated by China and Italy.
  • Imports from India fluctuated due to COVID-19 but showed recovery in 2021 and 2022, reaching $******** million.

In a recent meeting, India&#**;s minister of external affairs, Dr. S Jaishankar, discussed trade matters with Singapore&#**;s minister of trade and industry, Gan Kim Yong. Currently, India has a limited presence in Singapore&#**;s textile market, which is primarily dominated by China and Italy, holding a combined market share of approximately ** per cent. 

According to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">TexPro, Fibre2Fashion&#**;s market insight tool, Singapore&#**;s apparel imports from India gradually increased after the disruption caused by COVID-**. In ****, the inbound shipments were recorded at $**.*** million, but they decreased to $**.*** million in ****. However, they rebounded strongly in ****, with a **.** per cent increase, reaching $**.*** million. The trade continued to grow in ****, increasing by **.** per cent to reach $**.*** million. 

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