19-Sep-2024
Key Highlights
Fine craftsmanship has long been a hallmark of Indian textile and clothing products, spanning the whole value chain from fiber, yarn, and fabric to highly desirable international clothing. Indian denim, cotton, and silk are very well-liked abroad. Overall, Indian clothing has also been successful in international fashion hubs.
Did you know that India has become the 4th largest garment exporter in the world? In this blog, we will discuss the garment export data from India and garment exporters in India. Further, we will delve into the strategies to boost garment exports from India and the garment export business.
The Indian garment industry is one of the biggest contributors to the economy, with a 2.3% contribution to the gross domestic product (GDP), which is approx. US$ 70 billion.
With 45 million direct jobs and 100 million jobs in the related sector, it is also the second largest employer in the country, behind agriculture.
Also, the top five Indian states for textile and apparel production are Andhra Pradesh, Telangana, Haryana, Jharkhand, and Gujarat.
Yes, garment exports from India are a profitable venture, and many garment export businesses are extracting thriving profits from this industry.
India, with its vast raw material and manufacturing base, is the world's 4th-largest exporter of textiles and apparel products.
India's ability to successfully run garment export businesses is influenced by a number of variables, such as
In 2024, the global apparel market is projected to be worth $1.79 trillion, or 1.63% of the global GDP. The apparel market is projected to expand at a CAGR of 8.2% from 2024 to 2031, reaching a total estimated value of $3.84 trillion.
India’s textile and apparel market size is growing at a CAGR of 14.59% from US$ 172.3 billion in 2022 and is expected to reach US$ 387.3 billion by 2028.
In 2022–2023, textiles and apparel accounted for 8.0% of India's total exports; at the same time, the country's share of the world textile and apparel trade was 5%.
India's textile and apparel (T&A) exports, which include handicrafts, reached a record-breaking US$ 35.58 billion in FY23.
Ready-made garment exports from India totalled US$ 16.19 billion in FY23, indicating a 1.1% increase from 2021–2022.
Based on garment export data in terms of product category, exporting garments from India in 2022–2023 saw a decline in cotton textiles of -28.45%, a decline in man-made textiles of -11.86%, a growth of 1.10% in ready-made garments (RMG), and a decline in handicrafts of -19.13%.
Cotton-based cosmetics and apparel exports totalled US$10.58 billion between April 2023 and February 2024. The Ministry of Textiles is targeting US$ 250 billion in textile production and exports of US$ 100 billion by 2030.
Here is the list of the top 10 garment export companies in India:
So, these are the top India's largest garment exporters. Thus, these garment export businesses produce and export a variety of garments, such as denim, sportswear, and swimwear. Additionally, explore our special platform if you're planning for garment exports from India.
Here is the list of the top 10 garment exporting countries in the world:
|
S.No. |
Top 10 Garment Export Countries in India |
Garment Export Data (Export Value in Billions) |
|
1 |
China |
$161 |
|
2 |
Bangladesh |
$34 |
|
3 |
Vietnam |
$33 |
|
4 |
India |
$16 |
|
5 |
Hong Kong |
$14 |
|
6 |
Turkey |
$13 |
|
7 |
Germany |
$13 |
|
8 |
Mexico |
$11 |
|
9 |
Italy |
$11 |
|
10 |
Indonesia |
$11 |
Therefore, as per garment export data, these 10 nations mentioned above accounted for 74% of all garment shipments made worldwide in 2023.
Additionally, connect with ExportimportData.in’s platform to get the most recent garment HS code, top garment exporting countries, and data on garment exports from India.
India exports textile and clothing items, such as handlooms and handicrafts, to over 100 nations worldwide.
India's principal export markets for clothing and textiles are
With nearly one-fourth of all Indian garment exports going to the USA, it is the biggest importer of all.
So, as per garment export data, during 2022–23, the USA was the top destination for garment exports from India, accounting for a 29% share of overall exports, which has grown from a 24% share witnessed in 2019–20.
Additionally, leading global retailers are still drawn to India for their home textile and apparel needs, and this is generating interest for garment exporters in India to explore new markets for garment export by country.
For effective and efficient Indian garment exports, the following four key strategies must be implemented:
A well-thought-out plan is necessary for exporting garments from India. Making sure there is a market for your product in the foreign market you are entering is the first step. Nonetheless, garment export data can help traders ascertain the demand for particular goods on a regional basis.
The garment export data shows a list of reliable suppliers and buyers. Moreover, visit ExportimportData to find garment exporters in India or importers from around the world. For hassle-free access to data on garment exports from India, connect with us by clicking here.
In order to maximize their profit margin by selling garments on the global market, garment exporters in India must manufacture or source garments at the lowest possible price. Furthermore, the international shipment values of the top garment importers can be determined with the help of garment export data. At both points, price negotiation is required.
To manage the challenges involved in exporting clothing from India, it is recommended that a professional export agent or shipping company handle every step of the process, including making sure all legal requirements are met. It would help if you contacted an Indian database of garment exporters. One of the best sources of import-export data is Exportimportdata.in.
Also Read: How to Boost Textile Exports from India?
In conclusion, companies that engage in import and export can make a good profit by launching an Indian garment exports company. However, in order to freely conduct in-depth industry research, they require a few essential documents and insights.
Exportimportdata.in is an excellent resource for analyzing trade statistics worldwide for a number of nations, such as Bangladesh, India, and China. Even garment exporters in India can easily find foreign buyers and suppliers and get in touch with our team of experts if you still have any questions.
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Garment HS code: 62046200 Garment HS code: 61091000
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
India's main export of clothing is cotton. India is a leading producer and exporter of cotton textiles, including blends such as muslin, voile, organdy, and cambric.
Based on data on garment export by country, China exported garments worth $161 in 2023–24, making it the largest exporter of garments.
The top countries where exporting garments from India is primarily done are the United States, Bangladesh, the United Kingdom, the United Arab Emirates, and Germany.
For hassle-free access to data on garment exports from India, get garment export data on Exportimportdata.in. It will help you to obtain reliable garment suppliers and buyers, rival policies, the top garment import market, and much more.
The top 10 garment exporters in India include Arvind Limited, Raymond Limited, Alok Industries Limited, Bombay Dyeing and Manufacturing Company Limited, Loyal Group, Sutlej Textiles, Shahi Exports, Page Industries, KPR Mills, and Welspun India.
The most recent garment export data shows ready-made garment exports from India totalled US$ 16.19 billion in FY23, indicating a 1.1% increase from 2021–2022.
The largest garment exporter in India is Arvind Limited, which mainly ships cotton, cotton woven goods, and cotton to the US, Hong Kong, and Sri Lanka.
The leading garment HS codes are 6210, 62101000, 621020, and 62102010.
