Bangladesh Situation to Impact India's Cotton Exports
2024-08-06 11:11:07
Bangladesh's Situation Will Affect India's Exports of Cotton
Bangladesh Major Cotton Export Market for India,
The ongoing political crisis in Bangladesh may not drastically affect India's overall trade, but it is poised to significantly impact India's cotton sector.
India exports approximately $2.4 billion worth of cotton to Bangladesh, a key player in the global textile industry.
Data from the Ministry of Commerce reveals that Bangladesh's share in India's total cotton exports has surged from 16.8% in FY13 to 34.9% in FY24. In FY24, raw cotton exports to Bangladesh constituted a quarter of India's total exports to the country.
In FY24, Bangladesh was the top destination for Indian cotton exports, receiving more than double the amount exported to China, the second largest importer of Indian cotton.
