In June 2022, total merchandised exports were at US$40.13 billion, as against US$32.49 billion in June 2021, registering an increase of 24% year on year. In INR terms, exports were at INR3,133 billion in June, as against INR2,390 billion a year ago. Among textiles, exports in June 2022 of man-made yarn/ fabrics /made-ups etc. were up just 0.2% and RMG of all textiles were up 50%. Overall imports were at US$66.31 billion in June 2022, up 58% over imports a year ago.

In June 2022, basic textiles comprising fibres, spun and filament yarns shipment were worth US$573 million or INR 4,448 crore, accounting for just over 1.5% of total merchandise exported from India during the month. Compared to a year ago, they were down 25% both in INR and US$ terms. In same comparison, the INR depreciated over 6% against the US$.

Spun yarns shipment totaled just 47 million kg worth US$182 million or INR1,400 crore, sharply down by 74% year on year. The unit value realization of all types of spun yarn averaged US$3.87 per kg. Bangladesh was the largest importer of spun yarns during the month, followed by Turkey & Egypt.

Cotton yarn export was at 24 million kg worth US$108 million (INR831 crore). Volume shipment was down 85% year on year, while revenue earning fell 82% in US$ term. These were shipped to only 49 countries at an average price of US$4.49 a kg, down US cents 58 from previous month and up US cents 85 from June 2021. Bangladesh was the top importer of cotton yarn, followed by Egypt, Colombia, Argentina and South Korea. China reduced its import from India by 99.5% in June 2022. Imports into Bangladesh were also cur-tailed by 79% while that to Egypt was down 38%.

100% man-made fibre yarns exports were at 9.44 million kg, comprising over 6.24 million kg of polyester yarn, 1.70 million kg of acrylic yarn and 1.44 million kg of viscose yarn. Viscose yarn worth US$5 million or INR40 crore were exported at an average price of US$3.58 per kg in June. The major market was Bangladesh, followed by Turkey, UAE and Egypt. Polyester spun yarns export was worth US$17 million exported at average unit price of US$2.67 a kg. Turkey was the largest importer of polyester yarn, followed by Brazil and Morocco.

Blended spun yarns worth US$48 million were exported in June, including 7.87 million kg of PC yarns and 5.05 million kg of PV yarns. Egypt was the top importers of PC yarn from India followed by Bangladesh and Honduras while Turkey was the single largest importer of PV yarns from India followed distantly by South Africa and UAE.

All kinds of filament yarns shipment totaled 51 million kg, worth US$95 million or INR730 crore.

Cotton shipment in June, the ninth month of the 2021-22 marketing season, tumbled to just 149 thousand bales worth INR664 crore or US$86 million. During the month, Bangladesh was the largest importer of Indi-an cotton, followed by Oman, Vietnam, UAE and China. Total export in first nine months of 2021-22 market-ing season was at 51.75 lakh bales worth US$16,558 crore or US$2,221 million. Compared with the corre-sponding months of 2020-21 season, exports were down 46% in volume and 28% in US$ term.

Export price realisation for cotton averaged INR262 a kg or US cents 156 per pound in June. This was much higher than Cotlook A index, the global spot price benchmark and slightly below compared with the domes-tic spot price for benchmark Gujarat Shankar-6. During the month, Cotlook averaged US$150 per pound while Shankar-6 also averaged US cents 156 per pound.