Home breadcru News breadcru Import/Exports breadcru US' imports of industrial textiles cross $800 mn in Q2, 2022

US' imports of industrial textiles cross $800 mn in Q2, 2022

12 Oct '22
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

The US imported industrial textiles worth $807.835 million in the second quarter (April-June) of this year, the highest in more than two years. Increased imports of industrial textiles show improvement in industrial activities in the world’s largest economy. The country’s imports of industrial textiles were valued at $2.941 billion in 2021. 

US’ imports of industrial textiles increased in the second quarter compared to $720.832 million in the first quarter of the current year, according to Fibre2Fashion’s market insight tool TexPro. However, the imports witnessed a downtrend in the preceding quarters. They were at $752.101 million in the fourth quarter and $765.800 million in the third quarter of last year. The country imported industrial textiles worth $752.054 million in the second quarter of last year, crossing the $700 million mark for the first time in 6 quarters. 

The US had imported industrial textiles worth $2.941 billion in 2021, $2.302 billion in 2020 and $2.616 billion in 2019. The imports reached $1.793 billion in the first seven months of this year and the number stood at $265.270 million in July this year, as per TexPro.

Industrial textiles segment comprises conveyor belts, drive belts, computer printer ribbon, printed circuit board and ropes and some other items made of fibre that are used for special purposes. 

ALCHEMPro News Desk (KUL)

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