Home / Knowledge / News / Textiles / Exports to key destinations witness negative growth
Exports to key destinations witness negative growth
26
Feb '10
The export growth performance of different categories of exports in 2008-09 shows that while primary products and petroleum products buckled under the pressure of world recession, despite a good growth in the first half of 2008-09, manufactured goods exports particularly to the EU and 'Others' were more resilient, though there was a moderation in growth.

However, India's exports of manufactures to the US market grew by only 2.2 percent. This was due to the accentuation of the negative growth in textiles exports and the growth in gems & jewellery exports to the US turning negative.

Textiles exports growth to the EU and 'Others', though low was positive, while growth of gems & jewellery exports to 'Others' was very robust at 66.2 per cent and was at 24.8 per cent to the EU market. In the case of chemicals and related products and leather and leather manufactures, India's export growth to the US was better than to other markets.

In the first half of 2009-10, India's export growth of all items to almost all three destinations was negative with global recession in full swing. Among manufactured goods, textiles export growth was comparatively less negative mainly to 'Others', whose share also rose.

India's gems & jewellery exports and chemicals & related products exports were more affected in the EU market, while the worst affected sector was engineering goods, especially in the US and EU markets with negative export growths of (-)49.7 per cent and (–)42.5 per cent, respectively. The performance of handicrafts (including carpets) exports which were badly affected even in 2008-09, worsened in all the three markets with a negative growth above 30 per cent in all of them.

In 2008, India had a global export share of 1 per cent or more in 42 out of a total of 99 commodities at two digit Harmonised System (HS) level, but a significant share of 5 per cent or more in eleven items. Three items, vegetable textile fibres n.e.s., paper yarn, woven fabric; vegetable plaiting materials, vegetable products, n.e.s.; and residues, wastes of food industry and animal fodder, had an increase in global share by 0.5 per cent point or more in 2008 over 2007.

Four items lost global shares which include carpets and other textiles floor coverings; other made textile articles, sets, worn clothing, etc; lac, gums, resins, vegetable saps and extracts, n.e.s.; and pearls, precious stones, metals, coins, etc. One item, namely silk had stagnant growth. In the remaining 31 items, 10 lost their shares in 2008 over 2007.

While India has diversified its export basket as well as export markets, a more systematic approach of diversification of dynamic products to developed countries and non-dynamic products to developing countries could pay better dividends.

Click here to view statistical table.

indiabudget.nic.in

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

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

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search