India's textile exports highest ever at $44.4 bn in FY22

01 Jun '22

1 min read

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India scaled its highest ever exports tally at $44.4 billion in textiles and apparel (T&A) including handicrafts in fiscal 2021-22 (FY22), indicating a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively. US was the top export destination accounting for 27 per cent share, followed by EU (18 per cent), Bangladesh (12 per cent) and UAE (6 per cent).

In terms of product categories, the export of cotton textiles was $17.2 billion with 39 per cent share registering a growth of 54 per cent and 67 per cent during FY22 over FY21 and FY20, respectively.

Export of ready-made garments was $16 billion with 36 per cent share showing a growth of 31 per cent and 3 per cent during FY22 over FY21 and FY20, respectively.

Man-made textiles export was $6.3 billion with 14 per cent share which shows a growth of 51 per cent and 18 per cent during FY22 over FY21 and FY20, respectively.

Export of handicrafts was $2.1 billion with 5 per cent share reporting a growth of 22 per cent and 16 per cent during FY22 over FY21 and FY20, respectively.

Fibre2Fashion News Desk (KD)

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