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 mn, compared to $264.219 mn of H2, 2021 and $227.767 mn of H1, 2021. India jumped from tenth to sixth place in H1, 2022 in terms of the Netherlands’ apparel imports.
The apparel export stood at $215.742 mn in H2, 2020 and $168.906 mn in H1, 2020, according to the market report. During the pandemic year 2020, India’s annual exports dipped to $384.648 mn from $455.161 mn in 2019. But it recovered to $491.987 mn in 2021. The export value was $401.572 mn in first seven months of the current year. The exports may surpass a mark of $700 mn by December 2022.
The Netherlands’ import of apparel totalled $9.121 bn in January-July 2022. The European country had imported apparel worth $16.282 bn in 2021, when India was positioned at tenth place. The Netherlands remained on seventh position for India’s apparel exports, which was 3.75 per cent of its total exports of $9.383 bn in first half of 2022.