CITI Analysis of Exports and Imports of T&A for September 2023
• During Sep’23, Indian Textiles Exports registered a growth of 11.06% over the previous year while Apparel Exports registered a degrowth of -11.23% during the same time period. However, as compared to Sept’21, exports of both Textile and Apparel have declined by -23.02% and -27.27% respectively.
• Cumulative Exports of Textiles and Apparel during Sep ‘23 have registered a growth of 1.77% over Sep’22 while it has declined by about -24.62% as compared to Sept’21.
• During Apr-Sept’23, 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 Apr-Sept’21 the exports of Textile and Apparel have declined by 18.37% and 5.69% respectively.
• Cumulative Exports of Textiles and Apparel during Apr-Sep’23 have registered a degrowth of -8.81% as compared to Apr-Sep’22 while the same has declined by about -13.59% as compared to Apr-Sep’21.
