It is noteworthy that the United States announced reciprocal tariffs at the beginning of April 2025, but these were paused for three months, with floor tariffs of 10 per cent remaining in place.
Apparel exports reached $1.371 billion in April 2025, compared to $1.198 billion in the same month of the previous fiscal. Textile exports rose by 2.16 per cent to $1.612 billion, up from $1.578 billion.
India’s overall goods exports edged up by 9.02 per cent to $38.487 billion in April 2025. However, the share of T&A in the country’s total merchandise exports declined to 7.8 per cent during the month, according to the Ministry of Commerce and Trade.
Within the textile sector, exports of cotton yarn, fabrics, made-ups, and handloom products increased modestly by 1.71 per cent to $962.97 million in April 2025. Exports of man-made yarn, fabrics, and made-ups rose by 4.18 per cent to $383.8 million, while carpet exports increased by 3.32 per cent to $114.87 million.
Imports of raw cotton and waste surged by 129.17 per cent to $86.88 million in April 2025, compared to $37.91 million in the same month of the previous fiscal. Imports of textile yarn, fabrics, and made-ups rose by 19.20 per cent, from $162.01 million to $193.12 million.
In FY25, the country’s apparel exports increased by 10.03 per cent to $15.989 billion, while textile exports grew by 3.61 per cent to $20.617 billion. Imports of raw cotton and waste surged by 103.67 per cent to $1.219 billion, and imports of textile yarn, fabrics, and made-ups rose by 8.69 per cent to $2.476 billion.
In FY24, India’s T&A exports stood at $34.430 billion, marking a 3.24 per cent decline from $35.581 billion in FY23. Imports of raw cotton and waste were valued at $598.63 million in FY24, down 58.39 per cent from $1.439 billion in FY23. Imports of textile yarn, fabrics, and made-ups also fell by 12.98 per cent to $2.277 billion.
Sanjay K Jain, chairman of the ICC National Textile Committee and Indian Chamber of Commerce, commented, “Garment exports are maintaining a short-term growth trend. Cotton imports are rising as international cotton is cheaper than Indian cotton.”
ALCHEMPro News Desk (KUL)
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