India’s export of woven garments saw massive growth in its major destination UAE during November ’20, but the total exports in woven segment fell significantly.
Seeing 114.30 per cent growth in UAE during Nov. ’20, India clocked US $ 83.88 million as against US $ 37.14 million in the same month of 2019.
As far as Jan.-Nov. ’20 period is concerned, India witnessed a decline of 16.26 per cent in the UAE market and exports (of woven clothing) valued US $ 566.60 million.
Though there is a steady growth of India’s exports in UAE, total export of woven clothing to rest of the world disappointed the exporters in wake of pandemic.
India managed to clock just US $ 475.75 million from its woven garment exports to the world, declining 10.24 per cent on Y-o-Y basis in November ’20.
During Jan.-Nov. ’20 period, India’s export of woven segment reached US $ 5.56 billion – falling 27.60 per cent and the plunge was contributed by all major destinations.
See below India’s performance in woven clothing export to its major 5 destinations in Jan.-Nov. ’20 period –
- USA: US $ 1,533.06 million
Y-o-Y Change: (-) 26.67%
- UAE: US $ 566.60 million
Y-o-Y Change: (-) 16.26%
- UK: US $ 492.41 million
Y-o-Y Change: (-) 36.57%
- Germany: US $ 302.64 million
Y-o-Y Change: (-) 27%
- Spain: US $ 296.83 million
Y-o-Y Change: (-) 34.29%