Home breadcru News breadcru Import/Exports breadcru US textile & apparel exports up 13.19% during Jan-Aug 2022

US textile & apparel exports up 13.19% during Jan-Aug 2022

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

The exports of textile and apparel from the United States went up by 13.19 per cent year-on-year in the first eight months of this year. The value of exports stood at $16.795 billion during January-August 2022 compared to $14.837 billion in the same period of 2021, according to data from the Office of Textiles and Apparel, US department of commerce. 

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)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!