Basic textiles export continued to decline in November

Basic textiles export comprising fabrics, spun / filament yarns and fibres, declined 25% YoY in November both in terms of US$ and INR worth US$942 million or INR6,646 crore. They accounted for about 3.6% of total merchandise exported from India during the month. A year ago, the same group of basic textiles export had accounted over 3.9% of total merchandised export. Meanwhile, the INR against the US$ strengthened to average from INR72.00 to INR70.61 this November.

Woven fabric exports were positive, growing 29% year on year to US$333 million or INR2,352 crore. During the month, 399 million sq mtrs of fabrics were exported which were 21% higher than last year. The major type exported were plain fabrics. The other majors to follow were denim, shirting, suiting, and twill fabrics. Woven fabric was exported to 136 countries in November. Bangladesh was the major export market for fabrics in November, followed by Afghanistan and distantly by Sri Lanka.

Spun yarns shipment totaled 118 million kg (up 5%) worth US$3187 million (down 5%) or INR2,247 crore (down 6.5%). The unit value realization of all basic textiles averaged US$2.70 per kg, lower by US cents 27 from a year ago and US cents 6 from previous month. China remerged as the largest market for spun yarns, topping both in terms of volume and value, despite falling year on year basis.

Cotton yarn export was 95 million kg worth US$257 million (INR1,818 crore), down 30% from a year ago level. 73 countries imported cotton yarn from India at an average price of US$2.72 a kg, down US cents 7 from previous month and US cents 28 from a year ago.

100% man-made fibre yarns exports jumped 27% in November reversing the continuous declines over the past few previous months. They comprised 3 million kg of viscose yarn, 3 million kg of polyester yarn and 1.9 million kg of acrylic yarn. The rise was led by viscose yarn, which almost doubled in terms of volume and 64% in value.

All kinds of filament yarns shipment totaled 65 million kg (up 20% YoY), valued at US$98 million (down 1.3%. YoY). Only nylon filament yarn exports were up in value terms and also showed substantial increases.

Knit fabric worth US$26 million were exported in November, down 25% year on year. In volume, 5 million kgs were exported valued at INR180 crore.

Source: Fibre To Yarn Export Statistics – India report