The unit price of textile exports from India to the U.S. dropped in 2007

by:JIYALI     2021-08-10
Despite the appreciation of the rupee, the export value of Indian textiles and clothing to the United States in 2007 only increased slightly compared with the previous year, and the unit price even dropped. The US market accounts for 25-30% of India’s textile and clothing exports, so the growth in exports to the US means that exporters can successfully cope with the appreciation of the rupee.  Calculated in rupee, the sharp appreciation of the rupee last year led to a decrease in the income of textile exporters, and their competitiveness in the international market also weakened. Due to the intensified crisis, many exporters will find it difficult to obtain new business contracts. As a result, textile exports fell in individual months last year. At the end of the year, the situation seemed to improve.  According to the latest U.S. government data, the value of U.S. textile imports in 2007 increased by 3.35% over the previous year, while the scale only increased by 1.84%. Obviously, in U.S. dollars, the unit price of U.S. importers' imports in 2007 was higher than that of the previous year. But for Indian exporters, the actual unit price has fallen, which is confirmed by the increase in the value and volume of Indian textile exports to the United States.
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