In November 2020, India’s apparel export (of all textiles) witnessed negative growth of 1.20 per cent compared to November 2019.
As per the official data released by Government, during the same period manmade yarn/fabrics/made-ups, etc. was down by 11.14 per cent. Export of leather and leather-based products saw huge fall of 29.80 per cent.
Major commodities of export, which have recorded positive growth during November 2020 vis-à-vis November 2019, are handicrafts excl. hand-made carpet (17.71 per cent), carpet (15.58 per cent), jute manufacturing including floor covering (14.06 per cent) and cotton yarn/fabrics/made-ups, handloom products, etc. (8.38 per cent).
Major commodity groups of import showing negative growth in November 2020 over the corresponding month of last year include cotton raw & waste (74.09 per cent), textile yarn fabric, made-up articles (13.09 per cent) and leather & leather products (46.81 per cent).
It is pertinent to mention here that India’s overall merchandise exports in November 2020 were US $ 23.43 billion, as compared to US $ 25.77 billion in November 2019, a fall of 9.07 per cent.
Notably, the merchandise imports in November 2020 were US $ 33.39 billion, as compared to US $ 38.52 billion in November 2019, a decline of 13.33 per cent.
