Category-wise, apparel exports increased by 22.32 per cent year-on-year to $2.251 billion, while textile mill products rose 9.57 per cent to $5.872 billion during the first four months of 2022.
Among textile mill products, yarn exports increased by 21.49 per cent year-on-year to $1.449 billion, while fabric exports were up 4.09 per cent to $2.947 billion in the same period. Made-up and miscellaneous articles exports grew 10.21 per cent to $1.426 billion.
Country-wise, Mexico and Canada together accounted for half of the total US textile and clothing exports during the period under review. The US supplied $2.308 billion worth of textiles and apparel to Mexico during the four-month period, followed by $1.952 billion to Canada and $0.546 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 because of the COVID-19 pandemic. In 2021, US textile and apparel exports stood at $22.652 billion. The increase in value of textile exports was due to higher per unit price because of costlier cotton and other raw materials.
ALCHEMPro News Desk (KUL)
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