Wednesday, January 12, 2011

Exports to US on upward swing

There has been no impact of the US' economic downturn on exports. Data
released by the US Department of Commerce shows that exports during
January-October 2010 had touched $25
billion, the same as in the 10-month period of 2008.

In 2009, exports of goods and services were worth $21 billion ($17
billion in the first 10 months).
Textiles and apparel did well, exports of which touched $2.7 billion,
an increase of 20 per cent, according to Mr Vijay Mathur, Deputy
Secretary-General, Apparel Export Promotion Council (AEPC).

However, exports to other countries declined, including Europe.

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