In recent years, the share of Indian textiles and apparel in the US market has shown a steady and slow growth momentum.
According to statistics from the U.S. Department of Commerce’s Office of Textiles and Apparel (OTEXA), from January to July this year, U.S. textile imports totaled US$25.358 billion, of which 12.7% came from India, amounting to US$3.22 billion. In 2013, the total textile imports of the United States were US$24.927 billion, and imports from India were US$3.087 billion, accounting for 12.38%. In 2012, the total value of U.S. textile imports was US$24.12 billion, of which India’s share was 11.83%. Likewise, Indian apparel’s share of the US market is slowly but steadily growing.
In the first seven months of this year, U.S. apparel imports amounted to US$80.778 billion, of which US$3.327 billion was imported from India, accounting for 4.12% of total imports. In 2013, the total value of U.S. apparel imports was US$79.797 billion, of which 4.02% came from India. In 2012, this ratio was 3.96%. Benefiting from the investment-friendly policies and origin export policies implemented by the Indian government, the United States’ imports of textiles and clothing from India are expected to continue to grow in the next few years. The “Made in India” plan proposed by Indian Prime Minister Modi will also play a role in the development of the Indian textile industry. to a positive promotion effect.
The share of Indian textiles and apparel in the United States has increased steadily
In recent years, the share of Indian textiles and apparel in the US market has shown a steady and slow growth momentum. According to statistics from the U.S. Department of Commerce’s Office of Textiles and Ap…
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