US textile & apparel import volume up 11% in Jan-Oct, export down

During this period, apparel imports rose by 4.36 per cent to 21,785.890 million SME, up from 20,875.767 million SME from January to October 2023. Imports of textile (non-apparel) products reached 65,742.828 million SME from January to October 2024, marking a 13.75 per cent increase compared to 57,793.442 million SME during the same period in the previous year.

The import volume of cotton products increased by 7.15 per cent to 14,302.455 million SME during the review period, compared with 13,347.939 million SME for the same period in the prior year. Imports of man-made fibre (MMF) products reached 71,189.407 million SME from January to October 2024, up from 63,582.767 million SME during the same period in 2023, as reported by OTEXA.

Meanwhile, US exports of textiles and apparel made from all types of fibres eased by 2.81 per cent to 1,814.446 million kg during the review period, compared with 1,866.811 million kg from January to October 2023. Apparel exports decreased by 4.04 per cent to 563.258 million kg. Yarn exports were recorded at 731.225 million kg, showing a 1.61 per cent decline compared to the same period in 2023, while fabric exports increased by 0.36 per cent to 612.630 million kg.

US textile exports continued their volatile downward trend in the first ten months of 2024, as foreign buyers remained cautious about textile imports.

In 2023, the US experienced a 12.28 per cent decline in the volume of textile and apparel imports across all types of fibres, with total imports amounting to 92,783.4 million SME.

Fibre2Fashion News Desk (KUL)