Home / Knowledge / News / Textiles / Cotton products continue to account for most of textile & apparel trade
Cotton products continue to account for most of textile & apparel trade
16
Jun '09
U.S. textile trade has declined considerably during first-quarter 2009 as the global economy continues to struggle. Total imports during the first three months of 2009 reached only 3.6 billion (raw-fiber equivalent) pounds, 15 percent below a year ago.

During the same period, textile exports totaled about 746 million pounds, 24-percent lower than the first three months of 2008. As a result, the textile trade deficit for January-March 2009 was approximately 2.9 billion pounds or 12 percent below a year earlier.

Cotton products continue to account for most of the U.S. textile and apparel trade. During January-March 2009, cotton product imports reached 2 billion (raw-fiber equivalent) pounds, down 15 percent from 2.4 billion for the corresponding period in 2008. Likewise, cotton textile and apparel exports declined to 385 million pounds, or 20 percent below the first three months of 2008. Consequently, the cotton product trade deficit for first-quarter 2009 was 1.7 billion pounds or 14 percent less than a year ago.

Cotton products accounted for 58 percent of the deficit during January-March 2009, compared with 59 percent for the same period in 2008. Looking at the leading trading partners, first-quarter 2009 data indicate increased concentration. While the U.S. recession has reduced the volume of both cotton product imports and exports, the top five countries are accounting for a larger share of the total. For U.S. imports, the top five suppliers combined for 59 percent of the total during January-March 2009, compared with 54 percent a year earlier and 56 percent for calendar year 2008.

U.S. exports of cotton products are even more concentrated. The top five destinations for U.S. cotton products surpassed 86 percent during January-March 2009, slightly above both first-quarter 2008 as well as the entire calendar year. Like imports, only one country—Dominican Republic—from the top five destinations showed an increase from year ago levels.

U.S. Department of Agriculture

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search