India’s handicrafts exports (excluding hand-made carpets) were $121.23 million in July of 2022, fetching a year-on-year (y-o-y) decline of 35.87% from the $189.04 million in the same month last year.
According to the media reports, the exports of cotton yarn, fabrics, made-ups, and handloom products also registered a fall of 28.17% to $944.92 million in the mentioned period from $1,315.42 million in July 2021.
Man-made yarn, fabrics, and made-ups, saw a y-o-y fall of 10.13% in July 2022 to $437.59 million from $486.91 million in the same month of the last year, media reports added.
Exports of readymade garments of all textiles also registered a y-o-y negative growth of 0.60% to $1,380.91 million in July this year from $1,389.22 million in the mentioned period of the last year.
However, imports of cotton (raw and waste) fetched a y-o-y growth of 236.11% to $193.87 million in July this year compared to $57.68 million in the same month last year.
Imports of textile yarn, fabric, and made-up articles also registered a growth of 88.83% to $268.82 million in July 2022 from $142.36 million in the same month of 2021.