India’s apparel exports to US up 4%

India’s apparel exports to the US rose 4.3 per cent y-o-y in January 2017. Export volumes increased 8.6 per cent but export realisation fell four per cent. India replaced Mexico as the fifth largest apparel exporter to the US during the month, with a market share of 4.7 per cent.

In January 2017, China’s apparel exports to the US rose 4.6 per cent. India’s cumulative apparel exports to the US during April 2016 to January 2017 decreased by 1.9 per cent. This was on account of a 3.6 per cent fall in export realisation. Export quantity grew 1.7 per cent. Despite a fall in exports, India’s market share expanded by ten basis points to 4.2 per cent.

China’s cumulative apparel exports to the US during April 2016 to January 2017 decreased eight per cent. Market share contracted 110 basis points to 35.6 per cent. Exports from Bangladesh decreased 3.8 per cent and Indonesia by 4.9 per cent. The market share of both these countries remained unchanged at 6.3 per cent and 5.7 per cent. Vietnam witnessed a three per cent rise in exports. The country’s market share expanded 100 basis points to 13.6 per cent.