India’s apparel exports to the US fell by 4.8 per cent y-o-y in December 2016.Despite a decline in export value, India’s market share expanded by 10 basis points to 4.2 per cent. The country maintained its position as the sixth largest apparel exporter to the US.
The decrease in India’s export value was solely attributed to a fall in export realisations. During the month, export realisation dropped by 7.4 per cent. However export quantity grew by 2.8 per cent. Among the top five apparel exporting countries to the US, only Vietnam and Mexico registered a growth in apparel exports. China saw its exports fall by 11.2 per cent. The country’s market share deteriorated by 150 basis points to 32.9 per cent. Exports from Indonesia and Bangladesh fell 10.8 per cent and 8.5 per cent respectively. Indonesia’s market share dipped by 30 basis points to 5.4 per cent and Bangladesh’s by 10 basis points to 6.4 per cent.
Vietnam’s apparel exports to the US rose 4.2 per cent. The country’s market share expanded by 150 basis points to 13.9 per cent. Mexico’s exports grew by 9.4 per cent while its market share expanded by 70 basis points to 4.7 per cent.