After witnessing a fall of 10 per cent in cotton yarn export during Jan. ’21, India upped its shipment by 2.32 per cent on Y-o-Y basis in Feb. ’21, according to the official data released by Ministry of Commerce and Industry.
India’s cotton yarn export valued US $ 266.70 million in Feb. ’21 as against US $ 260.60 million in Feb. ’20.
The top two export destinations were China and Bangladesh. While China increased yarn sourcing from India, Bangladesh noted a steep decline in the second month of 2021.
The exports to China grew massively by 92.07 per cent to US $ 81.28 million in Feb. ’21, as against US $ 42.32 million in Feb. ’20.
In case of Bangladesh, the shipment valued US $ 59.94 million in Feb. ’21, with a decline of 18.80 per cent on yearly note.
See below table to find out how India’s cotton yarn fared in its top 10 export destinations –
Value-wise Cotton Yarn Exports from India to Top 10 Destinations:
Countries | Feb. ’20 | Feb. ’21 | % Change |
China | 42.32 | 81.28 | 92.07 |
Bangladesh | 73.83 | 59.94 | (-) 18.80 |
Vietnam | 15.56 | 17.76 | 14.15 |
Peru | 12.20 | 12.39 | 1.53 |
South Korea | 8.86 | 10.80 | 21.96 |
Egypt | 17.77 | 8.91 | (-) 49.82 |
Colombia | 5.63 | 8.76 | 55.55 |
Sri Lanka | 7.01 | 6.74 | (-) 3.84 |
Portugal | 14.25 | 6.92 | (-) 51.39 |
Brazil | 0.94 | 3.37 | 257.13 |
(Values in US $ million)