US' textiles & apparel exports ease 4.05% to $11.9 bn in Jan-Jun 2023

16 Aug '23

2 min read

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Exports of textiles and apparel from the US declined by 4.05 per cent to $11.906 billion in the first half of 2023, compared with the same period last year.
Among the top ten markets, exports to the Netherlands and the UK increased, while other major markets saw a decline.
Apparel exports rose by 3.01 per cent, while fabric and other categories decreased.

Exports of textiles and apparel from the US declined by 4.05 per cent in January-June 2023, reaching $11.906 billion, compared with $12.409 billion in the same period last year, according to data from the Office of Textiles and Apparel (OTEXA), US department of commerce.

Among the top ten markets, textile and apparel shipments to the Netherlands increased by 20.24 per cent to $244.190 million in the first half of 2023. Exports also increased to the United Kingdom (13.20 per cent). However, shipments to the Dominican Republic, Canada, China, Guatemala, Nicaragua, Mexico, Honduras, and Japan experienced a decline of up to 33.82 per cent. The US supplied $3,459.435 million worth of textiles and apparel to Mexico during this period, followed by $2,718.800 million to Canada and $670.273 million to Honduras.

Category-wise, apparel exports increased by 3.01 per cent year-on-year to $3,594.586 million, while fabric exports decreased by 4.38 per cent to $4,265.087 million in January-June of this year. The exports of yarn, made-up, and miscellaneous articles decreased by 7.96 per cent to $2,129.009 million and 10.64 per cent to $1,918.060 million, respectively, during the same period.

The 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)

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