India Records Highest Market Share in Knitwear Exports to U.S.

India’s garment exports to the U.S. reached top position in market share in the ‘men/boys cotton knitwear shirts’ category for the first six months of 2017.

According to data released by the Office of Textile and Apparel, of the U.S. Department of Commerce, India exported 8.5 million dozen men/boys cotton shirts to the U.S. India’s share in men/boys knitwear shirts imports by the U.S. stood at 8.7 percent in June.

knitwear shirts

Exporters explained that since the U.S. market offers a level playing field, they were able to compete with other countries, but the recent appreciation of the rupee against the dollar will be a  hurdle going forward, reports the Business Standard. Vietnam stands second in the same category of exports, followed by Bangladesh.

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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