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China top importer of Indian cotton
May '15
China has emerged as the largest importer of Indian cotton over the last three years. According to a written reply by commerce minister Nirmala Sitharaman in the Rajya Sabha, China has imported cotton worth $696.5 million in the first 11 months of fiscal 2014-15. In 2013-14, India exported cotton worth $1912.95 million to China while the figure was $2237.38 million in 2012-13.

In April-February 2014-15, India exported cotton worth $1707.59 million.

Among India’s neighbouring countries, Bangladesh was the next largest importer. In 2014-15, till February, India exported cotton worth $510.26 million against 2013-14’s figure of $698.88 million. In 2012-13, Indian cotton export to Bangladesh was worth $610.06 million.

Vietnam was in third place as cotton importer from India. In April-February 2014-15, India’s cotton exports to Vietnam touched $214.46 million against $220.34 million in 2013-14 and $166.51 million in 2012-13.

The fourth largest importer in the neighbourhood, Pakistan, imported cotton worth $79.15 million from India in April-February 2014-15. In 2013-14, it had imported cotton worth $343.35 million from India while the figure was $392.78 million in 2012-13.

Taiwan was the fifth largest importer of Indian cotton. In 2014-15 (till February), India exported cotton worth $39.59 million. In 2013-14, Taiwan imported Indian cotton worth $43.80 million. In 2012-13, India exported cotton worth $42.91 million to Taiwan. (SH)

Fibre2fashion News Desk - India

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