The apparel export stood at $215.742 million in H2, 2020 and $168.906 million in H1, 2020, according to Fibre2Fashion’s market insight tool TexPro. During the pandemic year 2020, India’s annual exports dipped to $384.648 million from $455.161 million in 2019. But it recovered to $491.987 million in 2021. The export value was $401.572 million in first seven months of the current year. The exports may surpass a mark of $700 million by December 2022.
The Netherlands’ import of apparel totalled $9.121 billion in January-July 2022. The European country had imported apparel worth $16.282 billion in 2021, when India was positioned at tenth place.
India’s apparel exports to the Netherlands are expected to register an impressive growth in the current year. In the first half of 2022, the exports have increased to $352.153 million, compared to $264.219 million of H2, 2021 and $227.767 million of H1, 2021. India jumped from tenth to sixth place in H1, 2022 in terms of the Netherlands’ apparel imports.
The Netherlands remained on seventh position for India’s apparel exports, which was 3.75 per cent of its total exports of $9.383 billion in first half of 2022.
Fibre2Fashion News Desk (KUL)
