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Basic textile exports decline by 2.3 per cent

Declining by 27 per cent YoY in December 2019, both in terms of US dollars and Indian rupees to $641 million or Rs 4,521 crore, the export of basic textiles declined to about 2.3 per cent of total merchandise exported from India during the month. A year ago, the same group of basic textiles had accounted over 3 per cent of total merchandised export.

Shipment of spun yarns shipment declined 9 per cent in dollar terms to $312.50 million or by 8 per cent to Rs 2,204 crore. The unit value realisation of all types of spun yarn declined by 28 US cents to average $2.71 per kg. Bangladesh remerged as the largest market for spun yarns, topping both in terms of volume and value, having risen year on year. Exports of cotton yarns declined 14 per cent to $250 million or Rs 1,766 crore in 2019. Around 78 countries imported cotton yarn from India in December at an average price of $2.752 a kg. Exports of blended spun yarns increased 3 per cent YoY to reach $40 million in December. Around 9.9 million kg of PC yarns were exported during the month while 3.7 million kg of PV yarns were exported.

Shipment of all kinds of filament yarns increased by 15 per cent to 69 million kg and was valued at $104 million. In terms of value, exports of nylon and polypropylene filament yarn recorded significant increases.

 
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