CITI Analysis of Exports and Imports of T&A for December 2023

  • During Dec’23, Indian Textiles Exports registered a growth of 25% over the previous year while Apparel Exports registered a degrowth of -12.56% during the same time period. However, as compared to Dec’21, exports of both Textile and Apparel have declined by -32.70% and -11.66% respectively.
  • Cumulative Exports of Textiles and Apparel during Dec‘23 have registered a degrowth of –02% over Dec’22 while it has declined by about -24.66% as compared to Dec’21.
  • During Apr-Dec’23, Indian Textiles Exports registered a growth of 29% over the previous year while Apparel Exports registered a degrowth of -14.36% during the same time period. Similarly, as compared to Apr-Dec’21 the exports of Textile and Apparel have declined by –22.07% and –8.85% respectively.
  • Cumulative Exports of Textiles and Apparel during Apr-Dec’23 have registered a degrowth of -6.29% as compared to Apr- Dec’22 while the same has declined by about -17.14% as compared to Apr-Dec’21.

 

Exports Values in US$ Mn

Source: Press Information Bureau

 

 

Particulars

 

Dec-21

 

Dec-22

 

Dec-23

% Change Dec 23/ Dec 22 %

Change

(Dec 23/ Dec 21)

 

Apr-Dec’21

 

Apr-Dec’22

 

Apr-Dec’23

% Change Apr-Dec 23/ Apr- Dec 22 % Change (Apr-Dec 23/ Apr-Dec 21)
Cotton Yarn/Fabs./made-ups, Handloom Products etc.  

1,446.19

 

863.31

 

937.71

 

8.62%

 

-35.16%

 

11,303.81

 

8,176.79

 

8,669.81

 

6.03%

 

-23.30%

Man-made Yarn/Fabs./made- ups etc.  

515.42

 

386.48

 

374.57

 

-3.08%

 

-27.33%

 

4,103.29

 

3,678.33

 

3,428.33

 

-6.80%

 

-16.45%

Jute Mfg. including Floor Covering  

46.79

 

38.56

 

24.95

 

-35.30%

 

-46.68%

 

362.18

 

341.21

 

258.93

 

-24.11%

 

-28.51%

Carpet 165.98 118.45 122.98 3.82% -25.91% 1,359.66 1,051.22 1,037.93 -1.26% -23.66%
Handicrafts excl. handmade carpet  

195.82

 

123.40

 

134.96

 

9.37%

 

-31.08%

 

1,578.60

 

1,288.91

 

1,183.16

 

-8.20%

 

-25.05%

Textiles 2,370.20 1,530.20 1,595.17 4.25% -32.70% 18,707.54 14,536.46 14,578.16 0.29% -22.07%
Apparel 1,466.22 1,481.41 1,295.29 -12.56% -11.66% 11,126.87 11,842.04 10,141.70 -14.36% -8.85%
Textile and Apparel 3,836.42 3,011.61 2,890.46 -4.02% -24.66% 29,834.41 26,378.50 24,719.86 -6.29% -17.14%
All Commodities 39,270.20 38,084.56 38,450.31 0.96% -2.09% 3,05,043.70 3,36,299.10 3,17,121.33 -5.70% 3.96%
% of T&A in Total Exports 9.77% 7.91% 7.52% 9.78% 7.84% 7.80%

 

 

Imports Values in US$ MN

 

 

Particulars

 

 

Dec-21

 

 

Dec-22

 

 

Dec-23

 

% Change Dec 23/ Dec 22

 

% Change (Dec 23/ Dec 21)

 

 

Apr-Dec’21

 

 

Apr-Dec’22

 

 

Apr-Dec’23

 

% Change Apr-Dec 23/ Apr- Dec 22

 

% Change (Apr-Dec 23/ Apr-Dec 21)

Cotton Raw & Waste 52.76 17.56 29.47 67.82% -44.14% 414.59 1320.01 498.75 -62.22% 20.30%
Textile yarn fabric, made-ups 228.01 228.43 200.24 -12.34% -12.18% 1,507.59 2060.44 1,746.98 -15.21% 15.88%

Source: Press Information Bureau

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