The value of India’s textile exports to the US outpaced China during January to May ’21 period, following a rebound in the market.

As per OTEXA, a trade body of US Department and Commerce, India textile shipments to the US grew by 66.69 per cent to $2.28 billion in the first five-month period of 2021.

During the same time, US’ import of textile products grew by 39 per cent to $12.47 billion. India’s share to this value remained 18.32 per cent.

On the other hand, China shipped textiles worth $4.32 billion from January to May ’21 period, constituting around 34.65 per cent of total textile import value of US.

The share of India’s textile exports increased by over 3 per cent, signaling a shift of business from China is not just on papers as rumoured by some industry stakeholders in the neighbouring countries.

Made ups constituted larger chunk in the total shipment from India to the US, valuing $1.92 billion, and growing by 64.54 per cent on Y-o-Y basis.

Yarn shipment increased by 88.37 per cent to $55.16 million, while fabrics’ exports clocked $302.92 million.