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India's apparel exports at $14 bn in 2022, US top market at 35% share

01 Mar '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • India shipped apparel worth $******** in 2022, with the US being the top market, accounting for **.**9 per cent of India's exports at $********. Over the last two years, India's exports to the US have grown impressively, registering an increase of ** per cent. Other countries in the top five markets include the UAE, Germany, the UK, and France.

The UAE was the second-largest market for Indian garment exports, importing garments worth $*.*** billion, followed by Germany at $***.*** million, accounting for *.** per cent and *.** per cent, respectively, according to Fibre2Fashion&#**;s market insight tool TexPro. 

India&#**;s apparel exports to the UK were $***.*** million (*.** per cent), to France were $***.*** million (*.** per cent), to Spain were $***.*** million (*.** per cent), to the Netherlands were $***.*** million (*.** per cent), to Italy were $***.*** million (*.** per cent), to Australia were $***.*** million (*.** per cent), and to Canada were $***.*** million (*.** per cent). India&#**;s outbound shipments to the US had dropped by **.** per cent to $*.*** billion in **** due to COVID-**. However, it bounced back in the following year, with exports increasing by **.** per cent to $*.* billion in ****. In ****, exports further increased by **.** per cent to $*.*** billion, as per data obtained from TexPro. 

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