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India's garment exports to S Korea soar; fabric & yarn shipment down

01 May '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • In 2022, India-South Korea bilateral trade grew by *%*, with apparel exports to South Korea increasing by *%.
  • However, India's exports of fabric and yarn decreased, while fabric imports increased, and yarn imports decreased from South Korea.
  • India's yarn exports decreased in 2022, but yarn imports increased in 2021 due to COVID-19.

Apparel export to South Korea registered an impressive growth in ****, reaching $**.*** million from $**.*** million in ****. The shipment was recorded at $**.*** million in **** which reduced to $**.*** million in **** and $**.*** million in ****, as per data obtained from Fibre2Fashion’s market insight tool TexPro. 

However, the outbound shipment of fabric and yarn from India to South Korea has noticed a declining trend in the last year. According to TexPro, India&#**;s fabric exports to South Korea decreased to $***.*** million in **** from $***.*** million in ****, noted at $***.*** million in ****. Although it gained to $***.*** million in **** and $***.*** million in ****, the trade eased to $***.*** million in ****. India imports fabric from South Korea in limited quantity, with imports increasing to $**.*** million in **** compared to $**.*** million in ****

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