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India’s Textiles Exports highest ever in FY 2021-22, Cross US$ 44 Bn

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  • Ashutosh Pandey
  • Cottage
  • Exports

India is the 6th largest exporter of Textiles & Apparel in the world. The share of textile, apparel and handicrafts in India’s total exports was 11.4% in 2020-21. India holds a 4% share of the global trade in textiles and apparel.

India’s textiles products, including handlooms and handicrafts, are exported to more than 100 countries. USA and EU-27 and UK, account for approximately 47% of India’s textiles and apparel exports. The other major export destinations are China, U.A.E., Bangladesh, Sri Lanka, Saudi Arabia, Turkey, Pakistan, Vietnam etc.

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The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.

India recorded its highest-ever textiles and apparel exports in the financial year 2021-22 at USD 44.4 billion, the government said. The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.

USA was the top export destination for the country's textiles and apparel shipments accounting for 27 per cent share, followed by the European Union (18 per cent), Bangladesh (12 per cent) and UAE (6 per cent), the textiles ministry said.

"In terms of product categories, the export of cotton textiles was USD 17.2 billion with 39 per cent share registering a growth of 54 per cent and 67 per cent during 2021-22 over FY21 and FY20, respectively," an official statement said.

Export of ready-made garments stood at USD 16 billion with 36 per cent share showing a growth of 31 per cent and 3 per cent during 2021-22 over FY21 and FY20, respectively.

Man-made textiles exports were to the tune of USD 6.3 billion with a 14 per cent share, which shows a growth of 51 per cent and 18 per cent during 2021-22 over FY21 and FY20, respectively.

Export of handicrafts was USD 2.1 billion with a 5 per cent share, reporting a growth of 22 per cent and 16 per cent during 2021-22 over FY21 and FY20, respectively, the textiles ministry said.

During 2020-21, Readymade Garments (RMG) accounted for almost 37% of the total textile and clothing exports. Apart from this, major contributing segments in export are Cotton textiles (33.4%), Man-made textiles (12.5%), carpets (4.5%) and Handicrafts excluding handmade carpets (5.7%).

Picture3.png Source: Ministry of Textile, GOI. http://texmin.nic.in/

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