China's exports to the US decline, while India's exports to the US grow rapidly
Source:
|
Author:clothing-100
|
Published time: 811 days ago
|
1329 Views
|
Share:
The appreciation of China's domestic currency and the increase in labor costs have squeezed China's profit margins. Therefore, China's exports have begun to decline.
In 2006-2007, the total market size of India's textile industry was US$54 billion, domestic demand accounted for 65%, which was US$35 billion, exports accounted for 35%, which was US$19 billion (exports to the United States were US$5 billion), and imports accounted for 5%. to 2.76 billion US dollars. As of March 2008, the total size of India's textile exports to the US has grown by approximately 10%.
Ms. Singh expects the textile industry to grow to $115 billion in the next five years to 2011-2012, with exports accounting for about 48 percent, reaching $55 billion. The total investment during this period was US$ 37 billion.
The improvement in demand was due to a slowdown in Chinese exports to the United States. The appreciation of China's domestic currency and the increase in labor costs have squeezed China's profit margins. Therefore, China's exports have begun to decline.