Home / Knowledge / News / Apparel/Garments / India losses spot amongst top 5 apparel exporters to US
India losses spot amongst top 5 apparel exporters to US
10
Oct '08
India stood at number three amongst combined exports of textile and clothing to the US in 2007 and for clothing exports only; it ranked at number five behind China. Mexico, Vietnam and Indonesia in that order.

But the tables have turned for apparel shipments to the US in the first seven months of 2008. Bangladesh has climbed to fifth place, thereby pushing India to the sixth. Even Vietnam has climbed a notch higher from its earlier position of three in 2007 to two in the period in the same period.

The biggest setback has been for China which has seen a slowdown in its clothing exports juggernaut, falling by 4.63 percent though it has been able to retain its number one position, purely on the value of its exports.

The biggest gainers of the fallout in slowdown of Chinese and Indian apparel shipments have been Vietnam and Bangladesh. While Vietnamese shipments of apparels have grown by 23.28 and has moved to second place by displacing Mexico, that of Bangladesh has risen by 9.14 percent. On the other hand growth rate of India has fallen by 2.39 percent.

The other big clothing exporting country is Mexico, which also has witnessed a negative growth rate of 10.99, which is the highest among the top five garment exporting countries, though it has held on to its number two position.

The biggest reason attributed to the fall in growth of apparel exports from India is attributed to the appreciating Indian rupee against the US dollar in the initial months of 2008 according to experts. The second major reason is the rising cost of raw materials like cotton and other increase in costs which lead to the down trend experts add.

Strong growth in apparel exports, both from Vietnam and Bangladesh has been aided by the strong support provided to the apparel manufacturers by their respective countries.

Click here to view detailed statistics.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Textiles | On 22nd Sep 2017

Messe Frankfurt acquires Source Africa, ATF textile shows

Messe Frankfurt, one of the world´s leading trade show organisers,...

Apparel/Garments | On 22nd Sep 2017

Sri Lankan apparel makers seek concessions to import labour

Sri Lanka’s deputy minister for national policies and economic...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search