Readymade Garments record highest growth


During April-October 2007-08, India's imports of textile products were worth US$1653.12 million. Imports had witnessed a gain of 8.29 per cent during the period as compared to thesame period of 2006-07. In Rupee terms, however, a similar comparison shows a decline to the extent of 4.05 per cent.


Imports in Other Textiles, the segment that had the highest share in total imports (46.28 per cent), were worth US$765.00 million during AprilDecember 2007-08. The segment had seen an import growth of 11.00 per cent during the period as compared to the same period of 2006-07. MMF Yarn with imports worth US$444.23 million was the next biggest segment. The segment occupied a share of 26.87 per cent during theperiod. MMF Yarn that had witnessed adecline of 0.37 per cent duringlast month saw a gain of 0.37 per cent during the current month.


Since the last few months, the highest growth in imports had been that of Woolen Textiles. This position was now occupied by Ready Made Garments which recorded a 56.61 per cent growth during April-December 2007-08 as comparedto the same period of 2006-07. The growth recorded byWoolen Textiles was 53.13 per cent. Imports of Ready made Garments wereworth US$81.37 million and that of Woolen Textiles, worth US$41.02 million.


The top supplier, China, had exported textile products worth US$740.31 million to India during AprilDecember 2007-08. This was a good 44.78 per cent of India's total imports.


As compared to its exports during AprilDecember 2006-07, exports made during April-December 2007-08 was a gain of 18.55 per cent. China continued to export the most in all segments except Woolen and CottonRags. In thissegment, the largest exporter was Bangladesh. Bangladesh's supplies in the segment were worth US$2.83 million. As compared to its exports during April-December 2006-07, exports made by them during AprilDecember 2007-08 were over 200 times higher.


Exchange Rates


Dec 2006

44.63

Dec 2007

39.44

Apr- Dec 06-07

45.61

Apr- Dec 07-08

40.41

Other than China; Italy, Japanand Thailand saw gain in its exports. Among these, the highest export growth was that of Italy (37.49 per cent).


Among the countries that saw a decline in exports, the highest was that of Taiwan which saw its exports dip by 8.88 per cent.



Summary Table- Imports

 

Imports in April-Dec 2006-07

(US$ Mn)

Imports in April-Dec 2007-08

(US$ Mn)

Share in April-Dec 2006-07

(%)

Share in April-Dec 2007-08

(%)

Woolen Yarn and fabrics

26.79

41.02

1.76

2.48

Cotton Yarn and fabrics

237.76

243.22

15.58

14.71

MMF Yarn

442.61

444.23

28.99

26.87

Made Ups

51.06

59.29

3.34

3.59

Other textiles


689.20

765.00

45.15

46.28

Readymade Garments


51.96

81.37

3.40

4.92

Woolen and Cotton Rags

27.16

19.00

1.78

1.15

Total Imports


1526.53

1653.12

100.00

100.00


 

India's Imports of Textile Products

 


December 2006

December 2007

Apr-Dec 06 - 07

Apr-Dec 07- 08

% Change between Apr-Dec 06-07 & Apr-Dec07-08

Cotton Yarn, Fabrics, Madeups, etc.

US$ (Million)

2.90

1.95

26.79

41.02

53.13



Rs. (Crore)

12.96

7.70

122.19

165.77

35.67

Manmade Yarn, Fabrics, Madeups

US$ (Million)

27.83

23.43

237.76

243.22

2.30



Rs. (Crore)

124.22

92.40

1084.41

982.86

-9.36

Wollen Yarn, Fabrics, Madeups, etc.

US$ (Million)

37.92

40.85

442.61

444.23

0.37



Rs. (Crore)

30.54

33.77

287.65

260.53

-9.43

Cotton Garments Incl Accessories

US$ (Million)

4.96

5.80

51.06

59.29

16.11



Rs. (Crore)

22.14

22.86

232.89

239.58

2.88

Manmade Fibre Garments

US$ (Million)

66.82

65.69

689.20

765.00

11.00



Rs. (Crore)

298.20

259.06

3143.45

3091.37

-1.66

Wool Garments


US$ (Million)

5.04

9.10

51.96

81.37

56.61



Rs. (Crore)

22.50

35.89

236.97

328.80

38.75

Garments Of Other Textile Matrl

US$ (Million)

2.35

1.68

27.16

19.00

-30.05



Rs. (Crore)

6.61

123.86

76.76

-38.03

8.29

Total


US$ (Million)

147.83

148.49

1526.53

1653.12

8.29



Rs. (Crore)

659.75

585.65

6962.51

6680.28

-4.05

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