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Raw cotton exports register triple digit growth

28
Dec '09
During the first five months of the current fiscal beginning from July 2009, exports from the textile sector fell by 3.21 percent to US $4.20 billion, against $4.34 billion recorded in the same period of the previous year.

Textile exports account for about 55 percent of overall export revenue from the country which stood at $7.61 billion during the period under review. Corresponding figures for the same period of last fiscal year touched $8.23 billion.

From amongst various segments, likes of raw cotton exports earned $108.5 million against $52.31 million, depicting an increase of 107 percent, while shipments of cotton yarn increased by 18.28 per cent to $590 million, against $499 million.

Yarn other than cotton yarn also shot up by 30.7 percent to $16.88 million against 12.9 million last year and art, silk and synthetic textile increased by 86.4 per cent to $205.5 million during July-November 2009-10.

Segments which recorded negative growth rates were cotton fabric shipments which declined by 30 percent to $665.7 million against $949.5 million the previous year and cotton carded or combed revenues fell by 92 per cent to $0.75 million against $9.43 million.

Exports of Bedwear too fell to $701 million from $755.5 million, down 7.2 per cent; knitwear brought in $764.5 million against $826.7 million, to decline by 7.52 percent and towel shipments plunged six percent to $270.5 million.

Other textile segments which witnessed a negative growth were tent, canvas and tarpaulin by 12.2 percent to $22.14 million and made-up articles (excluding Towels and Bedwear) shipments which fell by 1.2 percent to $210 million.

Fibre2fashion News Desk - India


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