Readymade garment export from India has seen a fall of 16.87 per cent in June 2023. As per the latest official data (quick estimates for selected major commodities) it was US $ 1501.12 million in June 2022 while on 23rd June, with the downfall of 16.87 per cent, it was US $ 1247.95 million. From April to June period, apparel export was also down by 17.72 as it was US $ 4490.66 million in April to June, 2022 and US $ 3694.71 million during April to June 2023.
The export of Man-made Yarn/Fabrics/made-ups etc. is also down by 17.22 per cent on month-to-month basis as it was US $ 449.95 million in June 2022 and US $ 372.46 million in 23rd June. From April to June period, the same was down by 12.61 per cent.
As far as import of Textile yarn fabric, made-up articles is concerned, it is also down by 30.18 per cent in 23rd June compare to June 22 and 30.18 per cent in April to June period.
It can be mentioned here that overall exports of goods from India declined for the fifth consecutive month in June 2023, falling a steep 22.02 per cent (year-on-year) to US $ 32.97 billion.
