In January 2022, overall merchandised exports were at US$34.50 billion, as against US$27.54 billion in January 2022, up 27% year on year but 9% month on month. In INR terms, exports were at INR2,551 billion in January, as against INR1,992 billion a year ago.
Among textiles, exports of cotton yarn/ fabrics/ made-ups, handloom Products etc. were up 42%, man-made yarn/ fabrics /made-ups etc. were up 24% and RMG of all textiles were up 19%. They together were valued at US$3,437 million accounting for 10% of total merchandised export during the month.
In January 2022, basic textiles comprising fibres, spun and filament yarns shipment were worth US$1,170 million or INR8,650 crore, accounting for about 3.4% of total merchandise exported from India during the month. Compared to a year ago, they were up 25% both in INR and US$ terms. In same comparison, the INR was 2% down against the US$.
Spun yarns shipment totaled 142 million kg worth US$602 million or INR4,453 crore. The unit value realization of all types of spun yarn averaged US$4.25 per kg, about US$1.28 up year on year. Bangladesh was the largest market for spun yarns during the month, followed by Turkey and Egypt.
Cotton yarn export was at 108 million kg worth US$492 million (INR3,633 crore). While volume shipment was up 3% year on year, revenue earning jumped 49% is US$ term. These were shipped to 68 countries at an average price of US$4.48 a kg, up US cents 13 from previous month and up US$1.38 from January 2021. Bangladesh was the top importer of cotton yarn, followed by Turkey, Egypt, Portugal and China.
100% man-made fibre yarns exports were at 11.41 million kg, comprising over 5.47 million kg of polyester yarn, 3.36 million kg of viscose yarn and 2.24 million kg of acrylic yarn. Viscose yarn worth US$13 million or INR95 crore were exported at an average price of US$3.81 per kg in January. The major market was Turkey, followed Bangladesh, USA, Morocco and Spain. Polyester spun yarns export was worth US$15 million ex-ported at average unit price of US$2.69 a kg. Morocco was the largest importer of polyester yarn, followed by Turkey and USA.
Blended spun yarns worth US$74 million were exported in January, including 10.80 million kg of PC yarns and 6.83 million kg of PV yarns. Bangladesh was the top importers of PC yarn from India followed by Guatemala while Turkey was the single largest importer of PV yarns from India followed distantly by Vietnam.
All kinds of filament yarns shipment totaled 69 million kg, valued at US$130 million or INR962 crore.
Cotton shipment in January, the fourth month of the 2021-22 marketing season, was at 8.06 lakh bales worth INR2,737 crore or US$370 million. During the month, Bangladesh was the largest importer of Indian cotton, followed by Vietnam, China, Indonesia and UAE. Total export in first four months of 2021-22 marketing season was at 31.85 lakh bales worth US$10,156 crore or US$1,371 million. Compared with the corresponding months of 2020-21, exports were down 25% in volume and 8% up in US$ term.
Export price realisation for cotton averaged INR200 a kg or US cents 123 per pound in January. This was be-low Cotlook A index, the global spot price benchmark and higher compared with the domestic spot price for benchmark Gujarat Shankar-6. During the month, Cotlook averaged US$132 per pound while Shankar-6 was at US cents 127 per pound.
Courtesy: Textile Beacon Fibre to Yarn Export Statistics: India
