Cotton yarns’ export in India has been a topic of heated discussion of late as the garment manufacturers have, time and again, raised their concerns on rising domestic cost of yarns that has made garment manufacturing expensive!
Despite these outrages, as per the latest official data, India has clocked US $ 4.69 billion export revenues in cotton yarn category during 2021, noting 79.64 per cent yearly growth.
Bangladesh topped the list as India fetched US $ 1.72 billion from cotton yarn export in 2021, noting a whopping 162.25 per cent growth over 2020!
China stayed on the second rank with US $ 949.90 million cotton yarn import value from India.
It worth noting here that China-India relationship has been on a fluctuating mode over last couple of years, but the export of India’s textile raw material to the largest textile exporter in the world seems to be unaffected; rather it’s growing at a rapid pace.
India’s cotton yarn was also preferred by Portugal as its import of the same reached US $ 210.79 million in 2021, growing by over 62 per cent on Y-o-Y basis.
Apart from Bangladesh, China and Portugal, the countries that increased cotton yarn sourcing from India during 2021 were – Vietnam, Egypt, Peru, South Korea, Turkey, Colombia, Sri Lanka, Guatemala, Germany, Italy, Jordan and USA amongst many more.