• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

India's cotton, jute exports show positive growth in May 2021

02 Jun '21
2 min read
Pic: Shutterstock
Pic: Shutterstock

Exports of cotton yarn/fabrics/made-ups, handloom products etc from India grew 24.85 per cent in May 2021 over May 2019, according to the preliminary data on India's merchandise trade in May 2021 released by the country's ministry of commerce & industry. Jute exports, including floor covering, increased by 20.99 per cent in May 2021 over May 2019.

However, leather and leather manufactures (-36.48 per cent), readymade garments (RMG) of all textiles (-27.59 per cent), and handicrafts excluding hand-made carpet (-19.48 per cent) were among the major commodity groups of export showing negative growth in May 2021 over May 2019, the data showed.

Major commodity groups of import from textile value chain showing negative growth in May 2021 over May 2019 include cotton raw & waste (-39.94 per cent), leather & leather products (-37.19 per cent) and textile yarn/fabric/made-up articles (-14.48 per cent), as per the government data.

Graph: Department of Commerce, Government of India

In terms of overall trade, India was a net importer in May 2021 with a trade deficit of $6.32 billion, showing an increase of 74.69 per cent over trade deficit of $3.62 billion in May 2020 and reduction by 62.49 per cent over trade deficit of $16.84 billion in May 2019.

India’s merchandise exports in May 2021 was $32.21 billion, an increase of 67.39 per cent over $19.24 billion in May 2020 and an increase of 7.93 per cent over $29.85 billion in May 2019. On the other hand, India’s merchandise imports in May 2021 was $38.53 billion, an increase of 68.54 per cent over $22.86 billion in May 2020 and a decline of 17.47 per cent over $46.68 billion in May 2019.

Fibre2Fashion News Desk (RKS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search