India’s import of cotton raw and waste jumped 80.12 per cent to $96.33 million in May 2022. Import of textile yarn, fabric, made-up article also increased by 42.34 per cent to $213.74 million. In comparison, India had imported cotton raw and waste of $53.48 million, and textile yarn, fabric, made-up articles of $150.16 million in May 2021.Higher import of cotton and yarn during May 2022 show that there is limited supply of these raw materials for manufacturing of apparel.
The revised data on India’s foreign trade in May 2022 released by the ministry of commerce and industry showed that the export of readymade garment (RMG) of all textiles was $1415.25 million (up 27.85 per cent month-on-month) and man-made yarn, fabrics and made-ups was $422.61 million (up 2.82 per cent).
India's import of cotton raw and waste jumped 80.12 per cent to $96.33 million in May 2022. Import of textile yarn, fabric, made-up article also increased by 42.34 per cent to $213.74 million. In comparison, India had imported cotton raw and waste of $53.48 million, and textile yarn, fabric, made-up articles of $150.16 million in May 2021.#
ALCHEMPro News Desk (KUL)