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Economic & trade review for textile industry by NCTO
12 Feb '07
4 min read
Review of 2006 Textile Industry Economic and Trade Statistics
In 2006, textile shipments fell slightly (down two percent) while exports rose (up 2 percent) as the US textile industry continued to adjust to a more competitive worldwide environment following the removal of quotas in 2005. In particular, yarn, thread and fabric mills, which make components for apparel production, saw their shipments fall by nearly seven percent. Overall textile employment fell sharply as well, declining by almost seven percent with the loss of 35,000 textile jobs. Textile profits, while up over 2005 ratios, were still far below the overall manufacturing sector. Textile capital investment matched 2005 levels at $1.3 billion.
On the export side, the textile sector remained the third largest exporter in the world with $16.8 billion in sales.
Click here for figures.
In 2006, textile shipments fell slightly (down two percent) while exports rose (up 2 percent) as the US textile industry continued to adjust to a more competitive worldwide environment following the removal of quotas in 2005. In particular, yarn, thread and fabric mills, which make components for apparel production, saw their shipments fall by nearly seven percent. Overall textile employment fell sharply as well, declining by almost seven percent with the loss of 35,000 textile jobs. Textile profits, while up over 2005 ratios, were still far below the overall manufacturing sector. Textile capital investment matched 2005 levels at $1.3 billion.
On the export side, the textile sector remained the third largest exporter in the world with $16.8 billion in sales.
Click here for figures.
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-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
