Imports of Chinese textiles previously under quota soar sharply
17 Mar '09
4 min read
Johnson concluded, “The textile industry is studying the trade data closely and is reviewing its options for action to defend its companies and its workers against China and other countries that operate outside of international trade rules.”
Key Facts about U.S. Textile Industry: • One of the largest manufacturing employers in the United States, the overall textile sector employed over 675,000 workers in 2008. Textile mills alone employed 298,000 workers. • The 3rd largest exporter of textile products in the world – more than $16 billion in 2008. • Nearly two-thirds of U.S. textile exports during 2008 went to developing countries. The U.S. textile industry exported to more than 50 countries, with 20 countries buying more than $100 million a year. • Supplies more than 8,000 different textile products a year to the U.S. military. • U.S. textile shipments totaled $68.5 billion in 2007. • Invested more than $9 billion in new plants and equipment from 2001 to 2006. • Has increased productivity by 50 percent over the last 10 years and ranks second among all industrial sectors in productivity increases. • In 2007, textile workers on average earned 136% more than clothing store workers ($524 a week vs. $222) and received health care and pension benefits Click here to view category wise growth in exports.