>>
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

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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

Leave your Comments

ESTEEMED CLIENTS

Bluestem Global Sourcing Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Hela Clothing Pvt Ltd
Groz-Beckert East Asia LLP
Grasim Industries Limited
Tommy Hilfiger
Boardriders Asia Sourcing Limited
Lacoste (Wanchai)
John Varvatos
Restoque S.A.
Etam Group Strategy Hong Kong Limited
Chori Company Limited
Hirdaramani International Export Private Limited
G-Star Raw C.V.
Lenzing Aktiengesellschaft
Gap International Sourcing Limited
PVH Corporation
Green Fibre
Benetton Group
Aquarelle Clothing Limited
International Textile Manufacturers Federation
Page Industries Limited (Bangalore)
Asos
Guess Europe Sagl,
Tory Burch Hong Kong Ltd
Babyshop
Rosset ;& Cia Limited
IKEA of Sweden AB
KAS Direct Sourcing
The LYCRA Company Singapore  Pte. Ltd
C;&A Sourcing International Ltd
Huntsman (Singapore) Pte Ltd
Helly Hansen Far East Ltd
SHAHI Exports Pvt Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Reiter India Private Limited
Lisa S.P.A.
Puma
Splash
Sainsbury's Argos Asia Limited
Rayonese Textile Inc., Division de Culp Inc.
Maceton Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Lululemon Athletica Inc
Sportmaster Ltd.
J ;& P Coats
MAS Active / MAS Kreeda / MAS Bodyline
TESCO INTERNATIONAL SOURCING LIMITED
Desigual - ABASIC, S.A.
BIANCA
Truetzschler India Private Limited
Arvind Limited
OVS Hong Kong Sourcing Ltd.
Gokaldas Exports Limited
Recron Polyester from Reliance Industries Limited
NITI Aayog
Seasalt Limited
KIABI
Chico’ FAS
Landmark Group
Aramark Uniform ;& Career Apparel, LLC
Calvin Klein
Phong Phu international JSC (PPJ)
Tchibo GmbH
H;&M Hennes ;& Mauritz (Far East) Ltd
T.T. Limited
Alison Hayes Romania
Vianney Textil Hogar S.A. De C.V.
Vardhman Textile Ltd
Under Armour Global Sourcing Ltd
Gloria Jeans
Alix Partners
Abit
Midas Clothing Limited
SYNERGIES HONG KONG LIMITED
Amazon China
Sportswear Company Spa
BIMBA ;& LOLA SL
Brandix Lanka Limited
Cat Tuong Real Estate Group Joint Stock Company
Permoda(Koaj/Armi/Pronto/Bkul)
Lifestyle
Eastman Chemical Company
Target Corporation (MN)
Decathlon
Gatsby Africa
LC Waikiki
THE BOMBAY DYEING ;& MFG.CO. LTD
The Top Form Brassiere Manufacturing Company Limited
IDH – The Sustainable Trade Initiative

January 2022

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


Advanced Search