Despite its ongoing trade war, Chinese apparel exports to the US increased to 31.68 per cent of total world exports till August. OTEXA’s data reveals, Vietnam, Bangladesh and India lost share in US exports to 14.90 per cent, 6.72 per cent and 5.02 per cent respectively from Jan. to Aug. ’18. China might have increased its share on a monthly basis but its share on the yearly note plunged 1.04 per cent in value terms.
Shipments from Vietnam increased 5.85 per cent to $8,125 million on a monthly basis during the period. Bangladesh and India too increased their exports to $3,664.15 million and $2,741.44 million respectively. Exports from Indonesia on the other hand, declined to 5.57 per cent on a yearly basis in the corresponding period of 2018. On a monthly basis, the country’s exports declined 5.66 per cent.