iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Garment exports down y-o-y by 3.45% in January

17 Feb 2023 , 01:18 AM

According to preliminary export data, garment exports fell 3.45% in January to $1.493 billion from $1.546 billion in January of the previous year. Exports fell in dollar terms in July, August, September, and October of 2022 and January of 2023.

However, in rupee terms, exports increased by 6.22% in January this year compared to the previous year.

Knitwear exports increased marginally (0.9%) year on year, from $0.744 billion in January 2022 to $0.751 billion last month.

According to Narendra Goenka, chairman of the Apparel Export Promotion Council, total exports have increased over the last ten months. Despite the current slowdown, exports are expected to resume in four months.

According to the data, garment exports totaled $13.33 billion from April 2022 to January 2023. In 2021-2022, total garment exports were $16.01 billion.

According to K.M. Subramanian, the president of the Tiruppur Exporters Association, there has been a notable increase in inquiries from various brands, and it’s highly possible that knitwear exports from Tiruppur will return to their pre-COVID levels after April. 

He mentioned that the European market’s demand has improved somewhat in comparison to the previous three months. Additionally, the reduction in yarn prices to levels seen in 2021 is enhancing the competitiveness of Indian knitwear.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Apparels Industry
  • export
  • Fashion & Lifestyle
  • Garment Export
  • Garment Export News
  • Indian economy
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.