According to the Indian Textile Industry Federation (CITI), in the first two months of this fiscal year, Indian textile and apparel exports increased by 2.26% to $6.065 billion, compared to $5.931 billion in the same period last fiscal year.
In May, Indian textile and apparel exports rose by 5.25% to $3.152 billion, compared with $2.995 billion in the same period last year. Textile exports fell 1.94% to $1.624 billion, compared with $1.656 billion in May 2018.
In the first two months of the fiscal year, Indian textile exports fell 3.55% to $3.128 billion, compared with $3.443 billion in April-May 2018. However, apparel exports in May increased 14.15% to $1.528 billion, compared with $1.338 billion in May 2018. In the first two months of the current fiscal year, apparel exports increased by 9.27% to $2.937 billion, compared with $2.688 billion in April and May 2018.
The largest part of the textile category - cotton/silk/chemical/hand looms - fell 5.94% in May, from $941 million in May 2018 to $885 million. In the first two months of the financial year, the category fell by 5.89%, from 1.837 billion yuan in the same period last year to 1.729 billion yuan.
Other categories, such as jute manufacturing, carpets and handicrafts, increased by 7.86%, 1.54% and 23.87% in May, respectively. Textile yarn fabrics imported in May increased from 161.17 million US dollars in May 2018 to 175.79 million US dollars, an increase of 9%. In 4/5 copies, the import of these goods increased from 287 million US dollars to 320 million US dollars, an increase of 11.72%.
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