Home breadcru News breadcru Import/Exports breadcru India's cotton import grows 80% in May 2022, yarn 42%

India's cotton import grows 80% in May 2022, yarn 42%

16 Jun '22
1 min read
Pic: 123rf.com
Pic: 123rf.com

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).

ALCHEMPro News Desk (KUL)

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