India’s cotton yarn export grows 13.16% in Q1 ’21

India’s cotton yarn exports are back on upward trajectory, as per Ministry of Commerce and Industry data of Jan.-Mar. ’21 period.

The country shipped US $ 844.60 million worth of cotton yarns in Q1 ’21 as compared to US $ 746.56 million in Q1 ’20, marking 13.16 per cent Y-o-Y jump.

The rebounding export was an outcome of increasing shipment value to China, which imported US $ 234.46 million worth of cotton yarns from India in Q1 ’21, noting 67.97 per cent Y-o-Y surge.

However, cotton yarn shipment to Bangladesh declined by 3.96 per cent in the review period and export valued US $ 194 million in Q1 ’21, down from US $ 202 million a year earlier.

Amongst top 10 destinations, India witnessed Y-o-Y growth in countries such as Vietnam, Peru, South Korea, Colombia and Sri Lanka, while it fell in Turkey and Portugal.

See the below table to find out how India’s cotton yarn fared in its top 10 export destinations –

Value-wise Cotton Yarn Exports from India to Top 10 Destinations:

 (Values in US $ million)