05-Jul-2023
India is a major global player in the textile industry. With a long and rich history of textile production, India has made significant strides in boosting its textile exports, and the industry is now one of the country's largest foreign exchange earners. To maximize its potential, it is crucial to focus on boosting textile exports.
As per textile exports from India statistics, India's textile exports hit a record high of 16 billion US dollars in the fiscal year 2022, and by 2031, it was expected that they would have surpassed 45 billion US dollars. In this blog post, we will discuss effective strategies to enhance India's textile exports and ways to boost textile exports from India with updated textile HS codes, textile export data, an exporters list, and much more.
India textile exports sector is one of the largest and most important sectors of the Indian economy. It accounts for about 20% of industrial production, 9% of excise collections, 18% of employment in the industrial sector, nearly 20% of the country's total export earnings, and 4% of the GDP. The industry is the second largest exporter in the nation, with approximately 35 million workers.
The Indian textile industry has a long and rich history dating back to ancient times. India is the world's largest producer of cotton and jute and is also a major producer of silk, wool, and man-made fibers. The industry is highly diversified, with a range of products that include yarn, fabric, garments, and home textiles.
The Indian textile industry is facing a number of challenges, including rising labor costs, competition from other countries, and environmental regulations. However, the industry is also well-positioned for growth thanks to its strong domestic market, skilled workforce, and access to raw materials.
The following are some interesting details regarding the textile export industry in India:
As we know, India is a major exporter of textiles and apparel, and the industry is expected to grow in the coming years. The Indian textile and apparel market is expected to reach US$190 billion by 2025–2026, growing at a 10% CAGR.
India exported $44.4 billion worth of textiles and apparel (including handicrafts) in FY22, a 41% increase as per India’s textile export data. The overall value of textile exports from April through October of FY23 was US$21.15 billion.
However, the US is the single largest market, and 27% of its total exports in FY22 were textiles and apparel, as per Export and Import Data. The demand for Indian textiles is robust both domestically and internationally; therefore, the industry's future looks promising. India is working to expand its technical textile industry through a number of important measures.
Based on textile export data, the market for technical textiles used in automotive textiles is expected to increase from $2.4 billion in 2020 to $3.7 billion in 2027. Similar to this, it is expected that the market for textile exports from India will increase from US$ 2 billion in 2020 to US$ 3.3 billion in 2027, expanding at an 8% CAGR. By 2029, it is anticipated that the Indian textiles market as a whole will be valued at more than US$ 209 billion. According to textile export data of India, India's top textile export markets are the United States, the United Arab Emirates, and the United Kingdom.
Now, let’s explore the updated table for textile exports from India or gain updated textile export data for 2023-24.
Let’s explore textile export data of India.
| Textile Export Data | Details |
| Total textile shipment | 4,043 |
| Textile Exporters in India | 191.7K |
| Number of Indian textile buyers | 13,893 |
| Top Textile HS code | 5903, 59039090, 5906 |
| Types of textile industry in India | Cotton, woolen, and textile silk |
Some key insights:
Based on Indian textile exports statistics, 4,043 exporters sent 191.7K textiles to 13,893 purchasers.
The top three countries to which India sells textile fabric are the United States, the United Arab Emirates, and the United Kingdom, according to data on textile exports from India.
As per textile export data of India, China is the world's top exporter of textiles with 377,699 shipments, followed in third place by Germany (340,041) and Vietnam (269.526).
In the three product categories of textile HS Codes 5903, 59039090, and 5906, India is the top exporter of textile fabric.
Here are the top textile exporting countries.
Now, explore the table for major exporters of textile globally!
| Top Rank | Top 10 textile exporting countries |
Textile Export Data |
| 1 | China | $176 billion |
| 2 | Germany | $38.99 billion |
| 3 | India | $37.11 billion |
| 4 | Italy | $36.57 billion |
| 5 | Bangladesh | $34 billion |
| 6 | Vietnam | $27 billion |
| 7 | Turkey | $19.7 billion |
| 8 | Mexico | $13.8 billion |
| 9 | United States | $11.6 billion |
| 10 | Indonesia | $11 billion |
So, these are the top 10 countries for textile exports. Additionally, if you need the most recent information on textile exports from India, textile exporters in India, textile HS codes, or textile export data of India, get in touch with the ExportImportData instantly.
Let’s explore the list of top textile exporters in India.
India is one of the leading textile producers in the world, and the textile industry is a major contributor to the country's economy. The top 5 textile companies in India account for a significant share of the country's textile production.
Here is a brief discussion of some of the biggest textile exporters in India:
Arvind Ltd. is the largest textile company in India, with a market capitalization of over ?700 billion. The company is involved in all aspects of the textile value chain, from spinning and weaving to garment manufacturing and retailing. Arvind has a strong presence in both domestic and international markets.
Vardhman Textiles Ltd. is the second largest textile company in India, with a market capitalization of over $400 billion. The company is primarily involved in the production of yarn and fabrics. Vardhman has a strong presence in the domestic market and is also exporting its products to over 50 countries.
Welspun India Ltd. is the third largest textile company in India, with a market capitalization of over $300 billion. The company is involved in the production of yarn, fabrics, and garments. Welspun has a strong presence in the domestic market, and is also exporting its products to over 60 countries.
Raymond Ltd. is one of the most well-known textile companies in India. The company is involved in the production of yarn, fabrics, and garments. Raymond has a strong presence in the domestic market and is also exporting its products to over 50 countries.
Trident Group is a diversified textile company with interests in spinning, weaving, processing, and garment manufacturing. The company has a strong presence in the domestic market and is also exporting its products to over 50 countries.
So, these are just a few of the many textile companies in India or major textile exporters in india. The textile industry is a major contributor to the country's economy, and these companies play a significant role in the growth and development of the industry.
Here are some of the key strategies that can be used to boost textile exports from India:
India is known for its low-cost textile manufacturing, but in order to compete in the global market, the industry needs to start focusing on high-value-added products. This means producing textiles that are made from high-quality materials, using innovative designs, and meeting strict quality standards.
The textile industry needs to invest in research and development in order to stay ahead of the curve. This means developing new fibers, fabrics, and finishes, as well as new manufacturing processes. By investing in R&D, the industry can create products that are more innovative, sustainable, and appealing to consumers.
India's traditional textile export markets are saturated, so the industry needs to find new markets to sell its products. This could involve targeting emerging markets in Africa, Asia, and Latin America, or it could involve expanding into new product categories such as home textiles and technical textiles.
The Indian textile industry needs to improve its infrastructure in order to be more competitive. This includes improving roads, ports, and airports, as well as investing in new power plants and water treatment facilities. By improving its infrastructure, the industry can reduce its costs and make it easier to export its products.
It is significant for traders to gain statistics on export of textile from India, textile exporters lists, and textile HS codes. But to obtain a list of importers is also very important; there are so many market research websites that provide a list of textile importers or exporters. The ExportImportData platform helps you locate textile buyers globally.
The Indian government and industry associations need to do more to promote Indian textiles in the global market. This could involve organizing trade shows and exhibitions, participating in buyer-seller meetings, and launching marketing campaigns. By promoting Indian textiles, the industry can raise awareness of its products and attract new buyers.
The Indian textile industry has a bright future, but it needs to take steps to boost its exports if it wants to realize its full potential. By focusing on high-value-added products, investing in research and development, expanding into new markets, improving infrastructure, and promoting Indian textiles, the industry can achieve its goal of becoming a major global player.
However, if you need any type of guidance related to textile exports from India, textile export data, or HS Code, please connect to the ExportImportData.in platform to discover the global market insights at your doorstep. Call us right away to schedule a free live demo!
Also Read:
How to Kickstart Cotton Exports from India?
Why Is Demand Increasing for Handicraft Export from India?
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Top Strategies for Boosting Garment Exports from India in 2024
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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.
The most exported textile from India are silk waste, carpets, and natural silk yarn. Also, to find out the updated list of textile exports from India, you can obtain it from ExportImportData.in.
To export textile from India, you need to obtain licenses, mandatory documents, market insights such as textile export data, a textile exporters list, and updated textile HS codes.
Based on textile export data of India, India's top textile export markets are the United States, the United Arab Emirates, and the United Kingdom.
Based on textile export data of India, the biggest exporter of textiles is China with $176 billion in export values. To know the updated list of textile exports from India, visit ExportImportData.in.
India textile exports industry appears to have a bright future ahead of it, with numerous prospects for expansion. With a combined annual growth rate (CAGR) of 14.8% from 2021 to 2025, the industry is expected to achieve a market value of $350 billion.
The ExportimportData platform provides the updated list of textile products exported from India: silk waste, carpets, and natural silk yarn, then ready-made clothing and fabrics. To know the updated list of India textile exports or Textile HS codes, connect with our dashboard anytime.
The top textile exports from India to USA are cotton, silk, and jute. Also, to find out the updated list of textile exports from India, you can obtain it from ExportImportData.in
