8.50% fall in India’s cotton yarn exports in 2020; remain great in several countries
20 February, 2021
India’s cotton yarn export was worth US $ 2.61 billion in 2020 and noted 8.50 % Y-o-Y fall, in line with the official data.
However, there were countries where India witnessed significant upsurge in cotton yarn exports such as Bangladesh, China, Vietnam, Peru, Turkey, Oman, Malaysia, Brazil, Morocco and USA, between others.
Bangladesh remained the most notable destination for India due to the country shipped cotton yarn worth US $ 657.27 million to the neighbouring country in 2020, rising by 21.84 %.
Shipment to China remained bad by 25.16 per cent to US $ 571.66 million, although it upped by 41.54 % to US $ 141.67 million as far as Vietnam - the 3rd top exporting vacation spot for India - is concerned.