US textiles & apparel exports ease 3.28% to $7.8 bn in Jan-Apr 2023

Among the top ten markets, textile and apparel shipments to the Netherlands increased by 31.08 per cent to $166.301 million in the first four months of 2023. Exports also increased to the United Kingdom (17.96 per cent) and Dominican Republic (1.67%). However, shipments to Canada, China, Guatemala, Nicaragua, Mexico, and Japan experienced a decline of up to 38.49 per cent. The US supplied $2,286.809 million worth of textiles and apparel to Mexico during this period, followed by $1,779.378 million to Canada and $441.032 million to Honduras. 

Category-wise, apparel exports increased by 6.49 per cent year-on-year to $2,397.707 million, while fabric exports decreased 4.65 per cent to $2,810.096 million in January-April of this year. The exports of yarn and made-up and miscellaneous articles decreased by 6.98 per cent to $1,394.900 million and 12.11 per cent to $1,239.682 million, respectively, during the same period. 

US textile and apparel exports increased by 9.77 per cent to $24.866 billion in 2022 compared to $22.652 billion in 2021. In recent years, 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 dropped to $19.330 billion in 2020 due to the pandemic. 

Fibre2Fashion News Desk (KUL)