US textile & apparel exports up 18.62% in Jan-Oct 2021

Category-wise, apparel exports increased by 27.05 per cent year-on-year to $4.988 billion, while textile mill products rose 15.85 per cent to $13.815 billion during the first ten months of 2021.

Among textile mill products, yarn exports increased by 25.11 per cent year-on-year to $3.255 billion, while fabric exports were up 14.27 per cent to $7.193 billion and made-up and miscellaneous article exports grew 11.16 per cent to $3.365 billion.

Country-wise, Mexico and Canada together accounted for nearly half of the total US textile and clothing exports during the period under review. The US supplied $5.251 billion worth of textiles and apparel to Mexico during the ten-month period, followed by $4.421 billion to Canada and $1.178 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. However, the value decreased to $19.330 billion in 2020 due to the effect of COVID-19 pandemic.

In 2021, it is likely that US textile and apparel exports would again cross the $22-billion mark.

Fibre2Fashion News Desk (RKS)