APPAREL IMPORTS SURGE BY 33.87% IN JAN-FEB’2022
17-5-2022
APPAREL IMPORTS SURGE BY 33.87% IN JAN-FEB’2022
Increased sourcing from Bangladesh and China led to 33.87 per cent rise in India’s apparel imports in the first two-month period of 2022.
As per official data released by Ministry of Commerce and Industry, India imported garments worth $219.23 million during January-February ’22 period, as compared with $163.78 million in the same period of previous year.
Of the total, imports of knitted garments surged by 38.11 per cent to $106.98 million, whereas imports of woven garments surged by 29.91 per cent Y-o-Y to $112.28 million.
As analyzed further by Apparel Resources, the imports from its topmost preferred destination Bangladesh grew by 32.15 per cent Y-o-Yto $89.56 million in the January-February ’22 period.
India’s apparel import from China grew by 23 per cent during the period to $85.67 million.
By Fashionating World
https://www.fashionatingworld.com/new1-2/apparel-imports-surge-by-33-87-in-jan-feb-2022
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