US textiles & apparel exports up 9.77% during 2022

Exports of textiles and apparel from the United States went up by 9.77 per cent in 2022. The value of exports stood at $24.866 billion during the period under review compared to $22.652 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 20.18 per cent year-on-year to $7.377 billion, while the exports of yarn ($4.577 billion) and fabric ($8.521 billion) increased by 16.87 per cent and 3 per cent, respectively in the period under review. Made-up and miscellaneous article exports grew by 1.42 per cent to $4.134 billion.

Country-wise, Mexico (27.49 per cent) and Canada (23.92 per cent) together accounted for more than half of the total US textile and clothing exports during the period under review. The US supplied $6.836 billion worth of textiles and apparel to Mexico during the last year, followed by $5.948 billion to Canada and $1.730 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.

Source: https://www.fibre2fashion.com/