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US' textiles & apparel imports drop 20.5% to $104.9 bn in 2023

13 Feb '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In 2023, US textile and apparel imports declined to $****.*** billion from $***.*** billion in 2022.
  • China leads with a *4 per cent market share, followed by Vietnam at *4.*9 per cent.
  • Apparel imports fell by *2.*5 per cent, while non-apparel saw a *5.73 per cent decline.
  • Top suppliers, including China and Cambodia, reported sharp decreases.

In ****, apparel imports, which constitute the bulk of US textile imports, fell by **.** per cent to $**.*** billion from $**.*** billion in the same period in ****. Non-apparel imports saw a **.** per cent decline to $**.*** billion, down from $**.*** billion previously, as reported by the US Department of Commerce&#**;s Major Shippers Report. Both categories experienced reductions in inbound shipments.

Notably, among the US&#**; top ten apparel suppliers, none reported an increase in exports. The sharp declines were from China and Cambodia, falling by **.** per cent and **.** per cent, respectively. Other significant reductions included imports from Pakistan (**.** per cent), Vietnam (**.** per cent), Indonesia (**.** per cent), Honduras (**.** per cent), Bangladesh (**.** per cent), Nicaragua (**.** per cent), and India (**.** per cent).

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