Business Daily from THE HINDU group of publications Sunday, Oct 15, 2006 ePaper |
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Textiles Industry & Economy - Exports & Imports Textile exports to US rise as China slips Anil Sasi
New Delhi , Oct. 14 If 2005 was arguably China's year in the world textile exports, the first half of this year has seen India improve on its share in the key US market at the cost of slippages in Chinese exports into the country. India's share in US' textile imports during January-June increased to 6.34 per cent against a 5.5 per cent share during the corresponding period last year, according to the US Government's Office of Textiles and Apparel (OTEXA) data. Improved penetration by India into the US have been helped by the quantitative restrictions under the `safeguard quotas' imposed by it on imports from China, which has seen a slip in its share of total US imports at 24.73 per cent during the first half of the current year, against a share of 25.37 per cent during the same period in 2005.
Other countries
Other Asian countries have also benefited, with Pakistan another major textiles and apparel exporter to the US seeing an increase in its share in US imports to 3.7 per cent during the first half of the current year, from 3.12 per cent during the same period last year. Segment-wise, India's biggest gain comes in the high-value apparel imports to the US, with its share going up from 4.75 per cent of the total apparel imports into the US during January-June 2005 to 5.62 per cent during the current year. China's share in US' apparel imports, in turn, has slipped over 2 percentage points from 22.88 per cent during January-June 2005 to 20.53 per cent during the first half of the current year.
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