At present, few ASEAN countries are emerging market for India’s apparel exports with Malaysia as the largest market. India also imports yarn, fabric and other textile products from ASEAN countries which are dominant players in the textile sector.
India’s apparel exports to Malaysia were $73.644 million in the first eight months of the current year. The exports were noted at $117.265 million in 2023 and $147.628 million in 2022, according to Fibre2Fashion’s market insight tool TexPro.
The shipment to Singapore was noted at $20.392 million, Thailand $13.780 million, Vietnam $8.702 million, Philippines $7.225 million and Indonesia $3.597 million in January-August 2024. The exports to Myanmar, Brunei, Cambodia and Laos were below $1 million in the period under review.
During the first eight months of the current year, Vietnam was the largest supplier in the ASEAN for India’s apparel imports. The country’s imports from Vietnam were noted at $45.333 million during the period. The imports from Cambodia were $20.246 million, Indonesia $13.780 million, Vietnam $8.702 million, Philippines $7.225 million, Indonesia $15.308 million, Singapore $12.361 million, Malaysia $10.032 million, Myanmar $6.235 million and Thailand $3.478 million in the period, as per TexPro.
ALCHEMPro News Desk (KUL)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
