India’s exports of basic textiles declined 25 per cent Y-o-Y and 6 per cent M-o-M in May 2022 to $573 million or Rs 4,448 crore. As per a Textile Beacon report, they accounted for just over 1.5 per cent of total merchandise exported from India during the month. Exports of India’s spun yarn declined 30 per cent Y-o-Y to 71 million kg worth $320 million or Rs 2,480 crore. Bangladesh emerged the largest market for spun yarns during the month, followed by Turkey and Egypt.
Exports of cotton yarn declined 58 per cent in volume and 40 per cent in revenues to $237 million or Rs 1,840 crore. Bangladesh remained the top importer of cotton yarn, followed by Egypt, Portugal, Vietnam, and Italy. China reduced import from India by 97 per cent in May 2022. Shipment to Bangladesh also declined 30 per cent and Egypt too saw a dip of 15 per cent.
Exports of 100 per cent man-made fibre yarn totaled 10.19 million kg, comprising over 5.72 million kg of polyester yarn, 2.72 million kg of acrylic yarn and 1.41 million kg of viscose yarn. Major markets included: Italy, followed by Bangladesh, Sri Lanka and Turkey. Polyester spun yarns s worth $15 million was exported at average unit price of $2.68 a kg. Turkey was the largest importer of polyester yarn, followed by USA and Morocco.
Blended spun yarns worth $50 million were exported in May, including 8.55 million kg of PC yarns and 3.76 million kg of PV yarns. Honduras was the top importers of PC yarn from India followed by Egypt and Bangladesh while Turkey was the single largest importer of PV yarns from India followed distantly by Vietnam. Filament yarns exports totaled 49 million kg, worth $97 million or Rs 755 crore.