US textiles & apparel exports up 4.05% during January 2023
Fibre2Fashion
Exports of textiles and apparel from the United States went up by 4.05% in January 2023. The value of exports stood at $1.895 billion during the period under review compared to $1.821 billion in the same period of last year, according to the data from the Office
Category-wise, apparel exports increased by 14.97% year-on-year to $575.443 million, while the exports of yarn ($340.260 million) and fabric ($683.212 million) increased by 0.53% and 4.06%, respectively in January this year. However, made-up and miscellaneous article exports decreased by 9.09% to $296.490 million.
Among the top ten markets, the shipment of textiles and apparel increased by 130% to $32.739 million in the first month of 2023. The exports increased to Netherlands (69.25%), United Kingdom (48.46%) and Dominican Republic
The US supplied $550.629 million worth of textiles and apparel to Mexico during the period, followed by $424.778 million to Canada and $100.851 million to Honduras.
Exports of textiles and apparel from the US had gone up by 9.77% to $24.866 billion during 2022 compared to $22.652 billion in 2021. In the 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.
