India’s apparel exports to the US grew 0.8 per cent y-o-y in March 2017. India is the fifth largest apparel exporter to the US. The growth in export value was solely on account of an increase in volumes. During the month, export volumes increased three per cent while export realisation fell 2.1 per cent.

Despite a growth in exports in March 2017, India’s share in the US apparel import market contracted by 30 basis points. It stood at 6.5 per cent during the month. For the year ended March 2017, India’s cumulative apparel exports to the US decreased 2.8 per cent. This was solely on account of a 3.6 per cent fall in export realization. Export quantity grew by a meager 0.9 per cent. Despite a fall in exports, India’s market share expanded by ten basis points to 4.5 per cent.

As for other top apparel exporting countries to the US, China recorded an increase of 5.7 per cent in its exports in March 2017. The country’s share in the US apparel import market expanded by 40 basis points to 23.7 per cent. Apparel exports by Vietnam and Indonesia grew 15.7 per cent and four per cent. Vietnam’s market share increased by 140 basis points to 13.9 per cent and that of Indonesia remain unchanged at seven per cent. Bangladesh reported a 6.5 per cent drop in exports in March 2017 while its market share dipped 90 basis points to 7.6 per cent.