India Is The Third Largest Supplier Of Textiles To The United States.

In the first 7 months of 2013, India regain its position as the three largest exporter of clothing and textiles in the US market. Last year, India's textiles and clothing were fifth in the US market. < /p >
< p > with the two competitive advantages of the rupee depreciation and the rising signs of the US economy, in the first 7 months of 2013, India's exports of textiles and clothing to the US market reached US $3 billion 730 million, ranking behind China and Vietnam, according to the statistics of the textiles and clothing department of the US Department of Commerce. < /p >
In the first 7 months of this year, India's export growth rate reached 4%, which was 3% higher than that of the US's total import growth rate. In terms of growth rate, it also ranks third among the 10 largest suppliers, ranking only third of Vietnam's P and 9% of that of Bangladesh in the first 7 months of. < /p >
< p > clothing accounted for a larger share of over $2 billion in total textiles and less than a href= "//www.sjfzxm.com/news/index_c.asp" > clothing export < /a > in the total amount of $3 billion 730 million, rather than clothing export share of 1 billion 730 million US dollars. < /p >
< p > in the past five years, in the < a href= "//www.sjfzxm.com/news/index_p.asp" > the US < /a > and the EU market, India's export growth mainly came from home textile products, including intermediate products, such as yarns, fabrics and finished products. Exports to the European Union and the United States account for more than 80% of India's total textile and clothing exports. < /p >
Imports from the US market in the first 9 months of 2012 showed that India's exports to the United States decreased by 1.45% compared to the same period last year, to 4 billion 530 million US dollars, the largest decline in the main suppliers of the US market. After that, India dropped to sixth place. < /p >
The share of "P" Bangladesh also declined, but the decline was only 1.25%, while exports in the same period amounted to US $3 billion 650 million, while Vietnam's exports increased by 5.35% compared with the same period last year, and exports amounted to US $5 billion 740 million. China's exports fell slightly by 0.46% over the same period last year, but exports still amounted to US $30 billion 530 million. < /p >
In the EU market, India ranked fourth in terms of export volume, but lagged behind Bangladesh and Pakistan in terms of growth rate. Bangladesh and Pakistan exported to EU member states with concessions. P < /p >
< p > related news: < /p >
< p > Lavater, Secretary General of India Federation of industry and commerce, said that during the 10 years from 2000/2001 to 2010/2011, the composite annual growth rate (CAGR) of the textile factories in India was 5%, the annual compound growth rate of the textile factories in India was 23%, while that of the normal textile factories increased by only 2%. < /p >
< p > investigation and study found that the number of textile factories in Tamil Nadu, Gujarat Bong, Maharashtra, Punjab and Uttar Pradesh in 5 regions of India accounted for about 88% of the country's total, of which only 54% of the textile factories closed in Tamil Nadu area, followed by 16% of Gujarat Bong, 10% of Maharashtra, 4% of Punjab and 3% of Uttar Pradesh. < /p >
In the 10 years from P to 2010~2011, the number of textile factories closed in Gujarat increased from 290 to 2800, with a compound annual growth rate of 39%. < 2000~2001 > Followed by 35% in Punjab, 32% in Himachal Pradesh, 26% in Himachal Pradesh and 25% in Tamil Nadu. < /p >
< p > Lavater indicated that low production capacity, lack of advanced manufacturing technology, lack of foreign investment, bottlenecks in supply chain, small scale of economy and challenges brought by labor force, resulting in the dispersion of India textile industry and low brand positioning were the main reasons leading to the closure of India spinning and weaving factories. The rising competitiveness of India's domestic textile industry and international buyers and the increasing production costs resulting from improved production facilities are also the new challenges facing India's textile industry. < /p >
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