01 February 2022, Mumbai:
Boosted by robust orders and a resurgence in the global retail business, India's garment export industry increased its export sales by 24% in 2021 over 2020. India earned US $ 15.21 billion in calendar year 2021, compared to US $ 12.27 billion in 2020.
It's worth mentioning that India's garment exports fell by 24.50 percent in 2020 as a result of the pandemic that caused havoc on the global apparel sector. However, compared to 2019, export values in 2021 are down 6.43 percent.
India's largest clothing export destination in 2021 was the United States, where exporters sent $4.78 billion worth of clothes, up 44.93 percent year on year. Specifically, clothing shipments to the United States in 2021 have topped those recorded in the pre-pandemic year 2019, when the United States imported clothes worth $4.34 billion.
Not only in 2019, but also in 2021, India's export to the United States has been the best in the past decade, indicating a solid recovery in the country's major export destination following a catastrophic epidemic.
UAE experienced growth of 26.65% and 3.26 percent in 2020 and 2019, respectively, and imported US $ 1.92 billion in garments from India in 2021.
In 2021, India's third largest export destination, the United Kingdom, bought US $ 1.31 billion in apparels, up 16.68 percent year on year, while shipment values fell 17.44 percent compared to 2019.
CREDITS: Apparel Resources
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