US textile & apparel import volume up 13% in Jan-Nov, export down

During this period, apparel imports rose by 5.32 per cent to 23,718.786 million SME, up from 22,521.148 million SME from January to November 2023. Imports of textile (non-apparel) products reached 73,797.728 million SME from January to November 2024, marking a 16.92 per cent increase compared to 63,116.261 million SME during the same period in the previous year.

The import volume of cotton products increased by 8.00 per cent to 15,736.728 million SME during the review period, compared with 14,570.478 million SME for the same period in the prior year. Imports of man-made fibre (MMF) products reached 79,526.490 million SME from January to November 2024, up from 69,178.494 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 2.35 per cent to 1,992.706 million kg during the review period, compared with 2,040.702 million kg from January to November 2023. Apparel exports decreased by 2.80 per cent to 622.606 million kg. Yarn exports were recorded at 800.704 million kg, showing a 1.48 per cent decline compared to the same period in 2023, while fabric exports decreased by 0.37 per cent to 669.265 million kg.

US textile exports continued their volatile downward trend in the first eleven 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)