NEW DELHI (India CSR): Ready Made Garments (RMG) with export of $ 8,733 Mn has the largest share (41%) in the total exports ($ 21,358 Mn) followed by Cotton Textiles (33%, $ 7,082 Mn), Man- Made Textiles (15%, $ 3,105 Mn) during the period of April-October of FY 2024-25.
India’s import of textiles and apparel products during FY 2023-24 ($8,946 Mn) decreased by approximately 15% compared to FY 2022-23 ($10,481 Mn).
Posted On: 02 JAN 2025 12:16PM by PIB Delhi
India is the world’s 6th largest exporter of Textiles & Apparel in 2023. The share of textile and apparel (T&A) including handicrafts in India’s total exports stands at a significant 8.21% in 2023-24. Our country has a share of 3.9% of the global trade in textiles and apparel. Major textile and apparel export destinations for India are the USA and EU and with around 47% share in total textile and apparel exports. India is a major textile and apparel exporting country and enjoys a trade surplus. The bulk of import takes place for re-export or industry requirements of raw material.
It is noteworthy that exports are a function of demand and supply and depend on factors such as global demand, internal consumption and demand, order flow, logistics, etc. Exports are also affected by many geopolitical situations (such as the Red Sea crisis, Bangladesh crisis, etc.). Exports in FY 2024 were initially low mainly due to the geopolitical crises around the Red Sea, which affected export movement during January, February, and March 2024.
Export of Textile & Apparel Including Handicrafts (Apr-Oct)
Value in USD Million
| Commodity | Oct-23 | Oct-24 | % Change | Apr-Oct 2023 | Apr-Oct 2024 | % Change |
| Readymade Garment | 909 | 1227 | 35% | 7,825 | 8,733 | 12% |
| Cotton Textiles | 1005 | 1049 | 4% | 7,014 | 7,082 | 1% |
| Man-made textiles | 414 | 474 | 14% | 2,958 | 3,105 | 5% |
| Wool & Woolen textiles | 16 | 14 | -11% | 117 | 95 | -19% |
| Silk Products | 13 | 14 | 5% | 70 | 98 | 40% |
| Handloom Products | 12 | 13 | 4% | 89 | 84 | -6% |
| Carpets | 126 | 147 | 17% | 795 | 893 | 12% |
| Jute Products | 25 | 36 | 44% | 218 | 220 | 1% |
| Total Textile & Apparel | 2,520 | 2,974 | 18% | 19,087 | 20,309 | 6% |
| Handicrafts | 129 | 171 | 33% | 921 | 1,050 | 14% |
| Total T&A including Handicrafts | 2,649 | 3,144 | 19% | 20,007 | 21,358 | 7% |
Source: DGCIS, Provisional Data
The overall export of Textiles & Apparel (incl. handicrafts) marked growth of 7% during April-October period of FY 2024-25 ($ 21,358 Mn) compared to same period of FY 2023-24 ($ 20,007 Mn).
The Ready Made Garments (RMG) category with the export of $ 8,733 Mn has the largest share (41%) in the total exports ($ 21,358 Mn) during the period of April-October of FY 2024-25, followed by Cotton Textiles (33%, $ 7,082 Mn), Man- Made Textiles (15%, $ 3,105 Mn).
Growth of exports is observed in all principal commodities during the period of April-October of FY 2024-25 compared to the corresponding period of FY 2023-24, except wool and handloom which decline by 19% and 6% respectively.
Import of Textiles & Apparel Including Handicrafts (Apr-Oct)
Value in USD Million
| Commodity | Oct-23 | Oct-24 | % Change | Apr-Oct 2023 | Apr-Oct 2024 | % Change |
| Readymade Garment | 162 | 183 | 13% | 934 | 951 | 2% |
| Cotton Textiles | 209 | 310 | 48% | 1,529 | 1,721 | 13% |
| Man-made textiles | 342 | 297 | -13% | 2,127 | 1,859 | -13% |
| Wool & Woolen textiles | 30 | 28 | -8% | 219 | 197 | -10% |
| Silk Products | 15 | 16 | 5% | 130 | 102 | -21% |
| Handloom Products | 0 | 0 | 34% | 1 | 1 | 56% |
| Carpets | 4 | 4 | 0% | 19 | 21 | 12% |
| Jute Products | 20 | 24 | 20% | 179 | 151 | -16% |
| Total Textile & Apparel | 783 | 861 | 10% | 5,138 | 5,004 | -3% |
| Handicrafts | 34 | 44 | 29% | 326 | 421 | 29% |
| Total T&A including Handicrafts | 817 | 905 | 11% | 5,464 | 5,425 | -1% |
Source: DGCIS, Provisional Data
Import of textiles and apparel products by India during FY 2023-24 ($ 8,946 Mn) has decreased by approximately 15% in comparison to FY 2022-23 ($10,481 Mn).
The overall import of Textiles & Apparel (incl. handicrafts) decline 1% during April-October period of FY 2024-25 ($ 5,425 Mn) compared to same period of FY 2023-24 ($ 5,464 Mn)
Man-made Textiles category with import of $1859 Mn has the largest share (34%) in the total imports ($ 5,425 Mn) during the period of April-October of FY 2024-25, as there is demand supply gap in this sector.
Growth of imports is observed majorly in Cotton Textiles mainly on account of import of long staple cotton fibre and such trends of import indicates towards an increase in production capacity of the country amidst rising consumption and self reliance.
(India CSR)
