Apparel exports tumble 14.17% in May 2026 even as textiles edge up 2.47%
CITI data shows Indian apparel exports fell 14.17% YoY in May 2026, while textile exports grew just 2.47%. Cumulative April-May 2026 textile and apparel exports are down 4.44%, pointing to softening global sourcing demand and headwinds for apparel manufacturers tied to export markets.
What happened
Citi · Indian textile exports grew 2.47% in May 2026 while apparel exports fell 14.17%, per CITI analysis. April-May 2026 cumulative textile and apparel exports
Key facts
- 2.47%
- 14.17%
- 3.03%
- 12.98%
- 4.44%
Why this matters
Scout distressed apparel exporters with strong client books but stretched balance sheets, as a sustained demand softening could open accretive bolt-on opportunities at compressed valuations over the next two quarters.