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Follow on Google News | Spun Yarn Exports: Unit Realisation UpSpun yarn exports accelerated in December 2009, reflecting a revival in global economy. The most positive aspect of December numbers is the positive increase in unit value realization after several months of decline.
By: YnFx The growth in spun yarn exports was in line with overall foreign trade trend. India's shipments increased over 9% in December, marking a positive growth for the second month in a row. In December 2009, spun yarn was exported to 82 countries. Of these Asian destinations ac-counted for 39% of export value, while West Europe accounted for another 18%. The third largest region was South America where 16% was exported and Middle East followed closely with a share of 14%. Reckoned with last year, export to Asian countries was up 68% this December while that to South America increased by a whopping 137% and by an encouraging 34% to West Europe. Amongst the 82 countries 29 formed the Elite destinations in December 2009, with total ex-ports at US$134 million and accounting for 90% of total value. Over half of Indian export was accounted by seven countries namely Bangladesh, South Korea, Brazil, China, Italy, Egypt and Turkey. The highest export value to any individual country was US$20 million (Bangladesh) This month, about half of all destinations (40 countries) reported positive increase in imports of spun yarn from India as against 46 in the month of November. Among the growing destinations, the exports to major destinations like South Korea, Brazil, Colombia, Hong Kong, Poland, Vietnam, Argentina and Malaysia recorded 100-300% increases with traditional markets seen reviving. In this report we have covered the profile of Sri Lanka, one of the major trading partners in India’s foreign trade. In case of spun yarn, Sri Lanka sources a large proportion of its requirement of yarn and fabric, particular made of cotton, from India. To get detailed trends of export destinations, prices, counts you may subscribe to the detailed ExportWatch Report. Contact us at +91 22 66291000 or write to us at support@yarnsandfibers.com # # # YnFx is an online Market Intelligence and Market Development portal for the Yarns and Fibers industry - provides in-depth reports, statistics on global Textile Industry - Market Intelligence Reports, Price Trend,dynamic trading zone for producers End
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