According to the latest import and export data, Indian cotton yarn exports (HS code 5205) increased by 14.54 per cent Y-o-Y to 87,637.26 tons in April 2024. However, these yarn exports registered a 16.25 per cent M-o-M decline during April 2024.

In April, India’s yarn exports to China declined by 51.36 per cent Y-o-Y and 59.72 per cent M-o-M in April. China's market share in Indian cotton yarn exports dropped to around 5 per cent, declining by 6 per cent compared to March 2024.

Bangladesh continues to be the largest export destination for Indian cotton yarn, holding approximately 43 per cent of the export market,. Portugal and Vietnam follow with shares of 7 per cent and 6 per cent respectively. The fourth position is jointly occupied by Egypt and China. The market shares of other countries' remained below 5 per cent, with some showing increases or stability compared to March, except for Vietnam, China, Egypt, and Peru, which saw declines.

In summary, Indian cotton yarn exports in April 2024 exhibited a year-on-year increase but a month-on-month decrease. The key export markets were Bangladesh, Portugal, Vietnam, and China. Exports to China experienced significant reductions both year-on-year and month-on-month. Among the four main types of Indian yarns exported to China, carded single yarn 8-25s had the largest export quantity.