India is currently the fourth largest garment exporter to the United States, surpassing Indonesia for the first time in 2021
_large.jpg)
15 February 2022, Mumbai:
India overtook Indonesia in garment exports to the world's largest clothing market for the first time in 2021, according to official US apparel import statistics. In 2021, India's garment exports to the United States totaled US $ 4.19 billion, outperforming Indonesia's performance of US $ 4.14 billion in apparel exports to the United States.
India's garment exports were $4.05 billion in 2019, with a $339 million deficit between them and Indonesia's shipment. In 2020, a pandemic-induced year, the difference widened to the US $ 495.17 million.
However, India's garment export sector remained resilient and surpassed its own exports to the United States throughout 2021, bolstered by robust orders and a resurgence in the global retail business.
ALSO READ: AEPC, Goenka-Chairman: Exploring newer market to widen apparel exports' horizons
India's growth rate remains the highest (38.92%) among the top five apparel exporting countries to the United States in 2021, followed by Bangladesh (up 36.70%), China (up 29.40%), Indonesia (up 17.92%), and Vietnam (up 17.92%). (up 14.33 percent ).
India's primary clothing export market performed well in 2021, resulting in a 24 percent year-on-year increase in apparel export values of US $ 15.21 billion.
Follow our daily news on Linkedin & Youtube.
Subscribe to our daily e-newsletter.
Stay updated with the Latest Fashion startup news.
Powered by:
*Figures mentioned in the above article have been sourced from Apparel Resources article.
