PRC (including Hong Kong), USA, Germany, and the UAE today account for about 56% of import and 40% of export value. The importance of China as a source of imports and the US as a source of exports has increased. On a commodity level, Indian exports have diversified away from apparel and footwear towards industrial equipment and parts and mobile phones and communication equipment. The import side has seen an increase in the importance of semiconductors and related equipment. Pharmaceutical and automotive exports have grown, but their share of total trade value has stayed constant.
Posts tagged as “Apparel”
Apparel and footwear accounts for about 9% of US airfreight imports and about 5% of US containerised imports by sea. China is the single largest market, but growth has come from Vietnam, Cambodia, India and Bangladesh. Air has a share of roughly 6% of the weight and 18% of the value of shipments, but subject to large fluctuations and differences between market.