USA has imported 26.93 per cent more textile and apparel (volume-wise) from India in January ’21 than January ’20 – according to OTEXA data.
The country saw an influx of 683.16 million SME of textile and apparels in the first month of 2021 from India, of which textile products contributed 588.23 million SME (up 35.83 per cent) and apparel products shared 94.93 million SME (down 9.73 per cent).
Of total textile imports, the share of yarns, fabrics and made-ups was 91.97 million SME, 208.26 million SME and 348 million SME, respectively, and the respective surge was 27.84 per cent, 62.08 per cent and 24.50 per cent.
In terms of values, the total textile and apparel shipment has noted 2.78 per cent yearly increase to US $ 739.34 million in January ’21. Textile products witnessed a rise of 29.40 per cent to US $ 451.39 million, while apparels were down by 22.28 per cent to clock US $ 287.95 million.
Cotton apparel shipment to USA up in volumes, down in values –
When it comes to apparel shipment, cotton-made apparels contributed 74.45 million SME and experienced a surge of 7.57 per cent on Y-o-Y basis in January ’21.
However, the values of cotton apparel import by USA from India plunged 12.47 per cent to US $ 229.77 million, all because of lowering unit prices!
MMF apparels remained negative both in volumes and values –
On the other hand, India’s shipment of MMF apparels to USA tumbled heavily. The shipment was worth 51.91 million SME (down 44.08 per cent on Y-o-Y basis) and could tap just US $ 19.48 million, falling 42.33 per cent in January ’21.