India' s textile exports to the US surges 66.69% from January-May

From January to May this year, India' s textile exports to the US increased by 66.69 per cent to $2.28 billion, reports OTEXA, a trade body of the US Department of Commerce. As per Textile Focus, US’textile imports, during the same period, increased by 39 per cent to $12.47 billion. India’s share in these imports remained at 18.32 per cent. On the other hand, China' s share increased to 34.65 per cent to value $4.32 billion.

The share of India' s textile exports increased over 3 per cent. Made-ups accounted for a larger portion of total shipment from India to the US, valued at $1.92 billion and increasing by 64.54 percent year on year. Yarn exports increased by 88.37 per cent to $55.16 million, while fabric exports totaled $302.92 million.