India : Textile machinery exports +66%

Textile machinery exports +66%

(Source: Pixabay)
(Source: Pixabay)

There was a 75.3% increase in the exports from India of machines for processing textile fibers. Numbers from the Ministry of Commerce and Industry, Mumbai/India, show exports in this area climbed from US$45 million during Jan-May 2020 to $79.26 million in 2021 during the same period. Malaysia’s import of this machinery increased from $170,000 in 2020 to $11.18 million in 2021 (+6,476%). Though Malaysia was the highest importer of these machines from India in Jan-May 2021, Egypt depicted the highest growth in the import of these machines from India as its import hiked from $100,000 in Jan-May 2020 to $9.61 million in 2021 during the same period.

Benin was the 2nd largest importer of machines from India for processing textile fibers in Jan-May 2021 with the imports worth $9.71 million, with Turkey following at $9.56 million (+94%) during the same period.

There was a huge drop in Bangladesh’s import of this machinery as the import fell by over 26% to $8.35 million in 2021 during Jan-May (2020: $11.32 million). India’s export of these machines to China hiked from $890,000 in 2020 to $3.68 million in 2021 during Jan-May. 

In total, textile machinery exports for all areas, including auxiliary machinery and parts for textile machinery, weaving, knitting and nonwovens machines, increased by 66%.

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