Category-wise, apparel exports increased by 26.22 per cent year-on-year to $4.862 billion, while textile mill products rose by 8.62 per cent to $11.933 billion during the first eight months of 2022.
Among textile mill products, yarn exports increased by 21.33 per cent year-on-year to $3.118 billion, while fabric exports were up 3.25 per cent to $5.956 billion. Made-up and miscellaneous article exports grew 7.99 per cent to $2.857 billion.
Country-wise, Mexico (27.21 per cent) and Canada (24.13 per cent) together accounted for more than half of the total US textile and clothing exports during the period under review. The US supplied $4.627 billion worth of textiles and apparel to Mexico during the eight-month period, followed by $4.034 billion to Canada and $1.195 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. The value had dropped to $19.330 billion in 2020 due to the COVID-19 pandemic but rose again in 2021 to $22.652 billion.
ALCHEMPro News Desk (KUL)
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