Home / Knowledge / News / Apparel/Garments / India among fastest growing markets for US apparels
India among fastest growing markets for US apparels
30
Jul '12
India has made it to the list of countries that are fastest growing markets for the US clothing exports, as per the data from the US Department of Commerce.
 
From January to May 2012, US garment exports to India rose by more than 36 percent year-on-year, making India the third fastest growing markets for US apparels, behind Australia and Hong Kong.
 
Coats and jackets for men, and shorts, pants and slacks for women were the main clothing items imported by India from the US during the first five months of the current year.
 
However, the volume of India’s garment exports from the US was comparatively small at US$ 20.32 million during the five-month period.
 
The continuing economic downturn in the US is severely affecting the competitiveness of the US textile and apparel industry, and hence, the rise in India’s apparel imports may have come as a surprise to many.
 
Moreover, the Indian rupee has depreciated by over 20 percent against the US dollar over the past few months, and this would also make the US exports to India more costly.
 
So, logically the rise in India’s apparel imports from the US should not have occurred. But some experts are not amazed at the new trend. They say most of India’s clothing imports from the US could be premium designer wear that are sold on high-streets in the metros.
 
Although there has been a phenomenal rise in the US clothing exports to India, the textile and apparel balance of trade continues to be substantially in favour of India.
 
Last year, while India exported total textiles and apparels worth US$ 5.93 billion to the US, its imports were worth mere $ 165 million.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search