Exports of textiles and apparel from the United States went up by 11.15 per cent year-on-year in the first eleven months of this year. The value of exports stood at $23.036 billion during the period under review compared to $20.725 billion in the same period of 2021, according to data from the Office of Textiles and Apparel, US department of commerce.
Category-wise, apparel exports increased by 22.72 per cent year-on-year to $6.809 billion, while the exports of yarn ($4.259 billion) and fabric ($8.154 billion) increased by 18.72 per cent and 3.63 per cent, respectively in the period under review. Made-up and miscellaneous article exports grew by 2.5 per cent to $3.814 billion.
Country-wise, Mexico (27.45 per cent) and Canada (23.96 per cent) together accounted for more than half of the total US textile and clothing exports during the period under review. The US supplied $6.358 billion worth of textiles and apparel to Mexico during the eleven-month period, followed by $5.526 billion to Canada and $1.636 billion to Honduras.
In recent years, the US textile and clothing exports have remained in the range of $22-25 billion per annum. In 2014, they stood at $24.418 billion, while the figure was $23.622 billion in 2015, $22.124 billion in 2016, $22.671 billion in 2017, $23.467 billion in 2018, and $22.905 billion in 2019. The value had dropped to $19.330 billion in 2020 due to the COVID-19 pandemic but rose again in 2021 to $22.652 billion.
Fibre2Fashion News Desk (KUL)