India Has Become The Fastest Growing Market For Textile And Clothing Exports In The United States.

Textile and clothing trade between India and the United States is not entirely one-way street, as is generally accepted.

In the first 8 months of this year, India ranks among the fastest growing list of clothing and textile exports in the United States.

Ironically, the US industry is staggering because of the economic downturn, and the US textile and garment industry is struggling for the most lack of competitiveness.

Data from the US Department of Commerce showed that in the first 8 months of 2011, the United States exported 30% of India's textile and clothing exports, although the total value of exports was relatively small, which amounted to $164 million.

According to the insiders, the products exported to India include garments, textile yarns, socks and professional and industrial fabrics.

Yarns can be re exported from India to the United States.

The United States exports the largest proportion of yarn to India, reaching 51 million US dollars.

Holland is the top exporter of clothing and textiles in the United States, second in Brazil and third in India.

Interestingly, this is also the time when clothing and textiles in India gradually lost to Vietnam, Indonesia and Bangladesh in the US market.

Taking advantage of China's declining opportunities in the global textile market, the market share of these countries has increased steadily this year.

At this point, even India suppliers have been working hard to compete.

India has an absolute advantage over the balance of trade in textiles and clothing.

In 2010, the United States exported $141 million to India, while in the same year, India exported 5 billion 380 million US dollars of textiles and clothing to the United States.

Clothing is a major part of exports, reaching $3 billion 110 million, rather than clothing exports of $2 billion 260 million.