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Textile exports surge in January

02
Mar '10
Textile exports have depicted a month-on-month hike of 11.87 percent and have touched $929.59 million for the month of January, as against that in December when it stood at $830.99 million.

Data released by Federal Bureau of Statistics revealed that, among total exports of textile products, export of cotton fabrics rose by 10.26 percent and those of yarn (other than cotton yarn) grew by 13.86 percent in the period under consideration.

Also exports of knitwear hiked by 12.48 percent, bed wear by 15.43 percent, readymade garments by 25.39 percent, towels by 47 percent, tents, canvas and trapulin by 6.93 percent and art, silk and synthetic textile by 9.03 percent. Whereas exports of madeup articles apart from towels and bead wear noticed a rise of 29.47 percent and that of textile materials too increased by 22.03 percent.

Conversely, during January 2010 exports of raw cotton declined by 24.4 percent as against that in December 2009. Textile exports documented a hike of 23.85 percent in January 2010 as against in January 2009 when it stood at $750.578 million.

During the first seven months of the present financial year, the overall exports of textile increased by 2.27 percent against corresponding period in previous financial year.

As per the data released by Federal Bureau of Statistics (FBS), textile exports were documented at $5.945 billion during July 2009 to January 2010, against exports of $5.814 billion during corresponding period in 2008-09.

During the corresponding period, exports of raw cotton and cotton yarn increased by 142 percent and 30.78 percent respectively.

Likewise, exports of yarn, excluding cotton yarn escalated by 57 percent, whereas that of art, silk and synthetic textiles went up by 85.61 percent. Also exports of madeup articles apart from towels and bed wear increased by 3.3 percent and that of textile materials by 38.41 percent.

Fibre2fashion News Desk - India


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