India’s textile exports to the United States have increased this year due to a resurgence in demand, allowing the country to reclaim market share from China. Total yarn to household textiles exports to the United States increased 46.4 percent year on year in the first five months of the year to $4.5 billion (about Rs 33,000 crore), according to statistics from Otexa, U.S Department of Commerce.
India’s exports fell as US consumers added suppliers from outside the country to offset increased tariffs and diversify the supply chain. India’s market share increased to 9.1 percent in the first five months of 2020, up from 7 percent the previous year. Overall, India is the second largest yarn exporter behind China, with a 14 percent market share.
According to Manish Lalpuria, managing director of Mandhana Industries Ltd., a supplier to Zara and Mango, India’s textile exports to the United States have increased as the epidemic has subsided. People continue to work from home and purchase domestic textiles, which has led to increasing exports. He claims that India has an edge over Bangladesh and Vietnam since it controls the whole supply chain.
