Indian Apparel Exports Soar 30.9%

Indias apparel exports were to the tune of USD 1190 million in October 2013-14, indicating an increase of 30.91 per cent against the corresponding month of last financial year. In rupee terms, the exports have increased by 53.3 per cent in Oct 2013-14 over the same month of previous FY.

Export in dollar terms for April-Oct of the FY 2013-14 has increased by 15.5 per cent over the same period of previous FY and reached to USD 8259 million however, in rupee terms exports increased by 26.18 per cent compared to same period of last FY.

In April-Oct 2013-14 in rupee terms apparel export of India was to the tune of Rs 49096 crore compared to Rs 38911 crore in April-Oct 2012-13. In the FY 2012-13 exports in dollar terms declined by 6 per cent from previous FY and totalled USD 12923 million in April-March 2012-13.

Apparel imports of the United States witnessed a rise of 3.7 per cent in the Jan-Sept of 2013 from the previous year and amounted to 61.1 billion dollars. In the Jan-Sept 2013, US imports of apparel from India increased by 5 per cent and reached to USD 2542 million against USD 2420 million in Jan-Sept 2012.

US imports saw increase from all major suppliers in Jan-Sept 2013 over the corresponding period of last year except for Mexico. In Jan-Sept 2013 India was at 6th position. India exported US $238 million apparel in Sept 2013 with increase of 15 per cent over the same month of previous year.

EUs apparel import accounted for USD 47.8 billion for the Jan-July 2013 with no increase over the previous year, Indias export to EU for the Jan-July 2013 amounted to USD 3.4 billion with 1 per cent increase compared to same period of previous year.