After 10 per cent fall during January ’21, India’s cotton yarn exports increased by 2.32 per cent on Y-o-Y basis in February ’21, says Ministry of Commerce and Industry stats. In February ’21, India exported cotton yarn worth $266.70 million as against $260.60 million exported in February ’20. As per Apparel Resources, most of this yarn was exported to China and Bangladesh.
China increased yarn sourcing from India during February’21 while Bangladesh noted a steep decline in its imports. Bangladesh’s imports declined by 18.80 per cent on yearly basis to $59.94 million while China’s imports increased by 92.07 per cent to $81.28 million.
As per SIMA, India’s cotton yarn exports peaked in 2013-14 with 1,313.43 million kg. During 2019-20, exports fell to 959 million kg, primarily because of absence of incentives, which were given to the sector earlier.