OTEXA reveals India’s apparel shipments to the US declined by 70.17 per cent in volume and 71.44 per cent in value in May’20. This is the biggest decline in the list of exports, clothing to the USA. The value of US imports of clothing items from India decreased by 83.74 per cent in May 20 as the country imported 19.63 million SME garments worth $62.98 million. The year-on-year decline was recorded at 82.45 per cent.
The value of India’s clothing shipments to the US from January-May 20 declined by 27.08 per cent to $1,424.63 million compared to $1,953.74 million for the same duration of the previous year. Indian unit prices for shipping to the US also dropped by 1.74 per cent to $3.50 from $3.56 in 2019.
India’s shipment of apparel from the USA too fell due to the lockdown in April and May. Indian factories began operation from the first week of June and will be reflected in the following months.
