In the first half of this year, Bangladesh emerges as the favored destination for Indian garment consumers

1st Sep 2021, Mumbai:

In the first half of this year, India's garment imports climbed by 11.29 percent to the US $ 421.16 million, according to the Ministry of Commerce and Industry.

The drop-in woven textile imports have persisted, with imports valued at US $ 220.62 million in the first six months of 2021, down 11.94 percent.

Knitted clothes, on the other hand, saw a remarkable gain of 56.81 percent on a year-over-year basis in H1 '21, reaching a value of US $ 200.54 million. According to Apparel Resources' analysis, China's apparel exports to India took a hit, with the latter importing the US $ 92.86 million worth of garments from the former, down 36.55 percent on a year-over-year basis.

Bangladesh remained the favorite importing destination for Indian customers, with the US $ 172.66 million worth of clothes imported from the neighboring country in the first half of this year, representing a 55.84 percent year-on-year increase. It's worth mentioning that China's garment shipping to India in H1 '20 was US $ 146.25 million, while Bangladesh's was the only US $ 110.79 million. The situation has changed dramatically in 2021, and Bangladeshi suppliers may continue to be optimistic in H2 '21 as well.

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