Home / Knowledge / News / Garments & textiles constitute 40% of total exports
Garments & textiles constitute 40% of total exports
Jan '08
Following the expansion of 18-19 per cent in the two preceding months, earnings from exports contracted by 5.1 per cent in November 2007, year-on-year, to US dollars 591 million. This decline in export earnings could be attributed to a contraction in earnings from key industrial exports including garments and textiles, rubber products, and diamonds and jewellery.

Industrial exports declined by 13.8 per cent with garments and textiles, which constituted 40 per cent of the total exports, declining by 12.9 per cent. Agricultural exports however, recorded a growth of 21.6 per cent, benefiting mainly from steadied earnings from tea.

Despite the lower volume of exports, the strong demand from CIS and Middle Eastern countries raised the earnings from tea, with the highest ever price for tea being recorded in November 2007. The cumulative export earnings during the period January-November 2007 grew by 11.3 per cent, year-on-year, to US dollars 6,877 million.

The expenditure on imports increased by 15.4 per cent, year-on-year, to US dollars 1,010 million, as a result of the expenditure on import of investment goods and intermediate goods increasing further. International oil prices, which hit a record above US dollars 95 a barrel, was a major contributor to higher intermediate imports.

Amongst other intermediate goods in relation to which import expenditure increased were textiles and clothing and diamonds. Amongst investment goods, import of machinery and equipment and building materials further increased, reflecting the growth momentum in the economy. The expenditure on consumer goods, however, declined by 15.9 per cent in November 2007 as a result of

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search