A target of USD 20,100 million was fixed for cotton, man-made, woollen and silk textiles during 2018-19 against which exports were valued at USD 18,254 million:
Details of share of major textile exporting countries of the world:
|
Country
|
2018 (billion USD)
|
% Share
|
|
China
|
121
|
34%
|
|
USA
|
22
|
6%
|
|
India
|
21
|
6%
|
|
Germany
|
16
|
4%
|
|
Italy
|
13
|
4%
|
|
Turkey
|
13
|
4%
|
|
Rep. of Korea
|
12
|
3%
|
|
Taiwan
|
10
|
3%
|
|
Pakistan
|
8
|
2%
|
|
Viet Nam
|
8
|
2%
|
Source: Trademap
As per the data of Directorate General of Commercial Intelligence and Statistics, textile exports have increased by 7% from USD 19 billion in 2017-18 to USD 20.4 billion in 2018-19 while textile imports have remained stagnant at USD 5.6 billion in 2018-19. To curtail imports of textiles, Government has doubled the Basic Custom Duty from 10% to 20% on 383 apparel HS lines (8 digit) from 16th July 2018. Further, Government has raised BCD (from 10% to 20%) on other textile products i.e. 298 MMF fabric, 5 Silk fabric, 22 other fabric, 75 Carpet, 9 Made-ups and 15 other textiles HS lines (8 digit).
This information was given by the Union Minister of Textiles, Smriti Zubin Irani, in written reply in the Lok Sabha today.
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MM/ SB