American Apparel Has Become One Of The Fastest Growing Countries In India.
When India's textile and clothing exports declined to the United States, the United States clothing Exports to India have gained a foothold in India. India discovered that in the first 5 months of 2012, it was one of the three fastest growing clothing exporting countries in the United States.
Ironically, the US manufacturing industry was beset by a sustained economic downturn, and the US textile and garment industry suffered heavy losses because of its lack of competitiveness in the international market. In addition, most of the US dollar's appreciation of the India rupee this year has led to an even lower export competitiveness of the United States to India.
According to the US Department of commerce data, exports to India rose by 36% in the month of -5 in January 2012, although the total export volume of clothing was relatively small at $20 million 320 thousand. The biggest exports to India are men's clothing and jackets, women's trousers and shorts.
In the past, India imported most of the special yarn, hosiery products and professional and industrial fabrics from the United States. Most of these products were re exported to the US market. Insiders admit that the new trend of American clothing exports to India is not unexpected. Most clothing imports may be high-end designer clothing, which is the stock of high-end stores in big cities.
According to the list of the first 5 months of 2012, Australia is the fastest growing export market for clothing and textiles in the United States, followed by Hongkong and India.
With these figures, India's market share in clothing and textiles in the United States is steadily losing to Vietnam, Indonesia and Pakistan. While China's share of the US market is loosening, India is widely regarded as having the best position to fill the market share of China's losses. But India is increasingly giving up the superior position of intermediate products to the other successful garment exporters.
Although American clothing exports to India surged, the balance of textile and clothing trade is totally favored by India. In 2011, the United States exported $165 million to India, and the total export volume of India textiles and clothing to the United States amounted to US $5 billion 930 million in the same year.
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