Basic textiles share in total export halves as shipment sinks
Basic textiles shipment comprising fibres, spun and filament yarns plunged 52% in US$ terms and 50% in INR terms in June 2019. During the month, exports were worth US$393 million or INR2,806 crore, accounting for about 1.6% of total merchandise exported from India during the month. A year ago, the same items had accounted for 3% of total merchandised export. Meanwhile, the INR against the US$ weakened from INR66.72 to INR68.80 this June, which generally boosts export.
Spun yarns shipment totaled 77 million kg (down 23%) worth US$236 million (down 23%) implying an average unit value realization of US$3.08 per kg, same as in previous month but down US cents 8 from a year ago average. Bangladesh emerged as the largest buyer of spun yarns, topping both in terms of volume and value.
100% man-made fibre yarns exports which had shown momentum in May, decreased 10% in June. They comprised 3.7 million kg of polyester yarn, 3.0 million kg of viscose yarn and 1.7 million kg of acrylic yarn. The expansion was led by viscose yarn, which increased 5% in terms of value while volumes increased 8%. Polyester yarn exports declined 23% in US$ term during the month. Acrylic yarn exports also fell 3% during the month.
Blended spun yarns worth US$32 million were exported in June, down 36% YoY. During the month, 6 million kg of PC yarns was exported worth US$15.8 million while 3.9 million kg of PV yarns were exported worth US$11 million. Egypt, Bangladesh and Turkey, were the largest importers of PC yarn from India while Turkey was the single largest importer of PV yarns from India followed distantly by Iran.
All kinds of filament yarns shipment totaled 53 million kg (down 21%. YoY), valued at US$89 million (down 28%. YoY). Only nylon and polypropylene filament yarn export was positive and also showed substantial increases.
