Overall Recovery Of Textile Market In India Is On The Rise.
In the context of pessimistic export forecasts, India textile And clothing exports to major markets in the United States increased significantly, surpassing the overall recovery trend in the US market, and at the same time, the growth rate exceeded that of other competing countries.
India's export growth began to maintain strong momentum at the beginning of this year, and exports increased substantially in April.
The latest export forecast data in June showed that apparel and non clothing exports were jumping rapidly.
According to data from the US textile and clothing office (OTEXA), India, June
textile
The value of clothing exports to the United States increased by 35% over the same period last year, ranking the top of the list of major export countries. The growth rate is much higher than that of Vietnam, Bangladesh, Pakistan, Mexico and even China.
From -6 months in January, the total export growth was 14%, lower than that of China's 18% growth, but higher than that of most other competing countries.
According to the export value calculated from the beginning of the year, Vietnam now has a slightly ahead of India in the US market, ranking first in China.
From the overall export perspective, including the EU
Exit
India is still ahead of Vietnam.
Bangladesh is mainly concentrated in the European market, leading in India in terms of overall exports of textiles and clothing, but exports to the United States are lagging behind India.
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