From April to June this year, India’s exports of cotton textile products to China fell by 74% to US$90 million.
China’s share in India’s total cotton textile exports also halved in the quarter to 6.9% as compared to 14% in the corresponding quarter of the last financial year. According to data provided by the Cotton Textile Export Promotion Council (TEXPROCIL), India’s cotton textile exports to China reached US$346 million in the first quarter of last year.
“Recently, reciprocal measures taken by the Indian and Chinese governments such as detailed shipment inspections at ports and delays in cargo clearance have also led to a decline in exports,” said KV Srinivasan, managing director of Premier Textiles Ltd. “Substitution of textile imports from China and imposition of anti-dumping duties on certain Chinese products may have an impact on Indian cotton textile exports.”
China is the main importer of raw cotton and cotton yarn from India and is the world’s largest textile exporting countries. “Exports to China fell significantly in the first quarter compared with the same period last year,” said Kitty Shah, managing director of Textile World.
Overall, India’s cotton textile exports fell 47% to US$1.29 billion in the first quarter of this year, compared with US$2.42 billion in the same quarter last year. One of the main reasons was supply chain disruption.
TEXPROCIL Executive Director Siddhartha Rajagopal said that delays in documents, especially certificates of origin from countries such as China, Vietnam, Thailand and Malaysia, also delayed delivery, affecting Exit. Delays at ports due to COVID-19 quarantines also contributed to the decline, he said. </p
