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India down to fifth position in WTO global apparel export rankings
05
Nov '11
India has slid to fifth position in global apparel export rankings released by the World Trade Organization (WTO).

The 'International Trade Statistics 2011' data shows Bangladesh and Turkey climbing well ahead of India in terms of overall apparel exports during 2010.

In fact, India is the only country to have registered a dip in exports among the leading apparel exporters during the year.

According to the report, the value of Chinese apparel exports in 2010 stood at US$ 130 billion, followed by exports by 27 EU nations, which were worth US$ 99 billion. Bangladesh, Turkey, and India stood at third, fourth and fifth positions respectively with apparel exports worth US$ 16 billion, US$ 13 billion and US$ 11 billion.

Vietnam, Indonesia and the United States were at sixth, seventh and eighth positions respectively.

In terms of textile exports, India continued to hold the third spot, behind China and the European Union. According to the data, India's textile exports in 2010 were valued at US$ 12.872 billion, closely followed by the United States, which exported textiles worth US$ 12.168 billion.

Overall, global textile exports grew by 19 percent year-on-year in 2010 to US$ 251 billion. On the other hand, clothing exports increased by 11 percent year-on-year to US$ 351 billion.

The WTO report also separately contains data for 2000-10, according to which China's share in world exports has more than doubled during the period while there has been a marginal rise in India's share.

Fibre2fashion News Desk - India

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