Quota restrictions on Chinese textile for uncertain period have been proved blessings for India and Bangladesh as the US retailers have redirected orders to these two countries.
According to the data released by US Department of Commerce, Chinese apparel exports witnessed a sharp decline following the US government? embargoes last year.
Overall shipments from China increased only 15 percent in volume in January compared with that in the same month last year. In turn, China? share in the American market too fell 2 percent from the 2005 average.
Taking benefit of this situation, Indian and Pakistani exporters put China in the shade in terms of growth during January.
India beat China in textile exports by registering 34 percent growth in volumes compared to China? 21 percent growth.
Pakistan? exports grew at even higher rate of 36 percent.
However, in apparel exports, India outshone other developing countries with 46 percent growth in volume, followed by Pakistan, which grew by 35 percent.
