Monday, September 17, 2018, New Delhi: Ministry of Commerce & Industry, DGCI&S, issued the Quick Estimates of EXIM data for the month August 2018. Shri Sanjay K Jain, Chairman, CITI stated that the exports of textile and apparel stood at Rs.21,895.00 crore during August 2018 as compared to Rs.18,533.00 crore during August 2017 showing an increase of 18%. Similarly, the cumulative figures stood at Rs.1,01,727.00 during Apr-Aug 2018 as compared to Rs.95,888.00 crore during Apr-Aug 2017 showing an increase of 6%. Over all, All Commodities Exports (ACE) has witnessed a stupendous growth of 30% in August 2018 while for cumulative, it witnessed a growth of 22%.

CITI Analysis of Exports of T&A for August 2018

                                                                                                                                                                                                                                                            Values in INR Crores

Particulars	Aug-17	Aug-18	% Change	Apr’17-Aug’17	Apr’18-Aug’18	% Change
Cotton Yarn/Fabs./made-ups, Handloom Products etc.	5,380	7456	39%	25530	32,665	28%
Man-made Yarn/Fabs./made-ups etc.	2,583	3196	24%	12458	14,088	13%
Jute Mfg. including Floor Covering	230	220	-4%	927	929	0.2%
Carpet	843	872	3%	3809	4,021	6%
Handicrafts excl. handmade carpet	945	1164	23%	4,799	5,176	8%
Textiles	9,981	12,909	29%	47,523	56,880	20%
Apparel	8,552	8,987	5%	48,365	44,847	-7%
Textile and Apparel	18,533	21,895	18%	95,888	101,727	6%
All Commodities	149,399	193,625	30%	754,219	923,448	22%
% of T&A in Total Exports	12%	11%		13%	11%
Source: DGCIS

Chairman observed that the positive trend in exports for the entire textile value chain has been the result of CITI’s continuous persuasion with the Government and pragmatic approach shown by the Hon’ble Union Minister of Finance, Hon’ble Union Minister of Commerce & Industry and Hon’ble Union Minister of Textiles, on the issues of T&C Industry especially post GST implementation. Chairman stated that he would sincerely like to thank all the three Hon’ble Ministers for their timely policy support and intervention to boost the industry which was reeling under severe stress especially after the implementation of GST.

Chairman further pointed out that the quick estimate figures of imports for Textile Yarn Fabric & Made-ups stood at Rs.1,196.00 crore during August 2018 as compared to Rs.907.00 crore during August 2017 showing an increase of 32%. While the cumulative figures of imports stood at Rs.5,347.00 crore during Apr-Aug 2018 as compared to Rs.4,799.00 crore during Apr-Aug 2017 registering an increase of 11%.

CITI Analysis of Imports of Textiles for August 2018

Values in INR Crores

Particulars	Aug-17	Aug-18	% Change	Apr’17-Aug’17	Apr’18-Aug’18	% Change
Textile yarn fabric, made-ups	907	1,196	32%	4,799	5,347	11%
Source: DGCIS