Home Recent ‘Made in Bangladesh’ apparels constitute 59% of India’s import in Feb. ’21

‘Made in Bangladesh’ apparels constitute 59% of India’s import in Feb. ’21

According to the data released by Ministry of Commerce and Industry, India’s apparel import reached US $ 60.39 million in Feb. ’21, noting 6.43 per cent Y-o-Y surge. Of total imports, knitted clothing valued US $ 37.56 million with a rise of 12.96 per cent in Feb. ’21 over Feb. ’20, while woven clothing import valued US $ 22.83 noting a decline of 2.81 per cent on yearly note. Bangladesh was the top import destination as Indian buyers imported US $ 35.66 million worth of garments from the neighbouring country, which is a surge of 12.63 per cent. Notably, Bangladesh constituted around 59 per cent of total India’s apparel import value, beating China which could ship apparels worth US $ 15.71 million (down 16.80 per cent) to India and shared 26 per cent to the total import value. The data further tells that clothing imports have grown from Spain too which shipped US $ 9.63 million worth of garments to India in Feb. ’21, marking 10.44 per cent yearly growth.

India’s Apparel Imports From the World and Top 3 Destinations

Country/CategoryFeb ’20Feb ’21% Change
6133.2537.5612.96
6223.4922.83-2.81
Total56.7460.396.43
China
6111.8811.2-5.72
6274.51-35.57
Total18.8815.71-16.79
Bangladesh
618.1712.8357.04
6223.4922.83-2.81
Total31.6635.6612.63
Spain
613.023.7423.84
625.75.893.33
Total8.729.6310.44

(Value in US $ million)

LEAVE A REPLY

Please enter your comment!
Please enter your name here