Textile Exports Up 11.06% YoY, Apparel Exports Down 11.23% YoY in September 2023

Cumulative Textile and Apparel Exports Up 1.77% YoY, Down 24.62% YoY in September 2023

Indian Textile and Apparel Exports Down in April-September 2023

Report

The Confederation of Indian Textile Industry (CITI) has released its analysis of exports and imports of Textiles and Apparel (T&A) for September 2023.

Key Findings:

Textile exports registered a growth of 11.06% over the previous year in September 2023, while apparel exports registered a degrowth of -11.23% during the same time period.

However, as compared to September 2021, exports of both textile and apparel have declined by -23.02% and -27.27% respectively.

Cumulative exports of textiles and apparel during September 2023 have registered a growth of 1.77% over September 2022, while it has declined by about -24.62% as compared to September 2021.

During April-September 2023, Indian textiles exports registered a degrowth of -3.59% over the previous year, while apparel exports registered a degrowth of -15.36% during the same time period.

Similarly, as compared to April-September 2021, the exports of textile and apparel have declined by 18.37% and 5.69% respectively.

Cumulative exports of textiles and apparel during April-September 2023 have registered a degrowth of -8.81% as compared to April-September 2022, while the same has declined by about -13.59% as compared to April-September 2021.

The decline in textile and apparel exports in September 2023 and April-September 2023 is a matter of concern for the Indian textile industry. The industry is facing a number of challenges, including rising input costs, global economic slowdown, and supply chain disruptions.

The government and the industry need to work together to address these challenges and support the growth of the textile and apparel industry.