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India's apparel exports to Mauritius up 5.96% in FY22 post FTA

16 Jan '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India's apparel exports to Mauritius noted mild gains after the free trade agreement (FTA) came into force on April 1, 2021. The exports increased by 5.96 per cent year on year to reach $36.008 million during April 2021 to March 2022 (FY22). Apparel exports from India to Mauritius amounted to $19.31 million in the first half (H1) of 2023.
India’s apparel exports to Mauritius noted mild gains after the free trade agreement (FTA) came into force on April 1, 2021. The exports increased by 5.96 per cent year on year to reach $36.008 million during April 2021 to March 2022 (FY22). Apparel exports from India to Mauritius amounted to $19.31 million in the first half (H1) of 2023. 

On a quarterly basis, the shipment had increased to $12.251 million in Q1 2022, which eased to $7.059 million in Q2 of the same year. 

The outbound trade is yet to reach the level of April 2016-March 2017 when the shipment had peaked at $42.672 million. 

India’s shipment of apparel to Mauritius decreased by 7.71 per cent to $33.984 million in April 2020-March 2021 due to the pandemic. India’s apparel exports to Mauritius were recorded at $34.170 million in April 2017-March 2018, $31.322 million in April 2018-March 2019 and $36.824 million in April 2019-March 2020, according to Fibre2Fashion’s market insight tool TexPro. 

The industry is confident that FTAs will encourage India’s exports to partner countries. Sanjay Garg, president of North India Textile Mills Association (NITMA) recently said, “The trade agreements with the UAE and Mauritius have already begun to provide better results.” 

Mauritius is a minor market for Indian apparel exports. Mauritius contributed merely 0.23 per cent in the total outbound apparel trade of India, which was at $15.747 billion in April 2021-March 2022. 

ALCHEMPro News Desk (KUL)

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