India`s plastic exports decline by 6.9% to $34.5 billion in August: Plexconcil
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Plastics Export Promotion Council (Plexconcil) in its latest data has said that India's plastic exports declined by 6.9 per cent to $34.5 billion in August 2023, compared to the same month last year due to difficult global economic factors. The overall plastic exports stood at $37.0 billion in August 2022.
It stated exports of plastic raw materials were also impacted in August, which witnessed a decline of 27.7 per cent to $239.4 million, compared to $331 million in the corresponding period last year due to a decline in sales of polyethylene terephthalate and polypropylene. It added India is among the top five exporters of polyethylene terephthalate resin in the world.
According to the data, there was a mixed performance among product categories as flooring, leather, laminates, medical plastics, consumer and houseware products, fishnets and monofilaments, writing instruments and stationery, and human hair and related products reported an increase in exports. However, woven sacks, woven fabrics, Tarpaulin, plastic films and sheets, plastic pipes and fittings, and miscellaneous products and items witnessed decline in shipments. As per data, floor coverings, leather cloth and laminates exports in August went up by 51 per cent to $66.7 million from $44.2 million in the same month last year, achieving the highest-ever monthly shipments from India.
