• Linkdin

US textile & apparel exports dip in early 2024: OTEXA data

10 Apr '24
2 min read
US' textiles & apparel exports down 3.2% to $3.69 bn in Jan-Feb 2024
Pic: Adobe Stock

Insights

  • US textile and apparel exports fell by 3.26 per cent to $3.691 billion in early 2024.
  • While shipments to Guatemala and China increased, those to the Dominican Republic and Canada declined.
  • Apparel exports dropped slightly, but made-up articles saw a small rise.
  • Overall, US textile exports have fluctuated from $22-$25 billion annually over recent years.
The exports of textiles and apparel from the US decreased by 3.26 per cent to $3.691 billion in January-February 2024 compared to the shipment of $3.815 billion in the corresponding period of 2023, according to data released by The Office of Textiles and Apparel (OTEXA), a division of the US Department of Commerce.

Among the top ten markets, textile and apparel shipments from the US to Guatemala rose by 20.52 per cent to $64.272 million, and to China increased by 26.78 per cent to $125.635 million in January-February 2024. Exports to Nicaragua and Mexico also grew by 1.49 per cent and 3.83 per cent, respectively.

In contrast, shipments to the Dominican Republic, Canada, Honduras, the United Kingdom, the Netherlands, and Japan declined by up to 30.33 per cent. During the period under review, the US supplied textiles and apparel worth $1,159.691 million to Mexico, followed by $815.747 million to Canada, and $198.560 million to Honduras.

Category-wise, apparel exports saw a marginal decrease of 5.10 per cent year-on-year to $1,109.597 million. Fabric exports fell by 4.52 per cent to $1,304.792 million in the first two months of this year. Exports of yarn also saw reductions, decreasing by 1.14 per cent to $677.683 million. However, the shipment of made-up articles and miscellaneous items increased by 0.85 per cent to $599.161 million.

In 2023, the exports of textiles and apparel from the US had decreased by 5.02 per cent to $23.617 billion. The outbound shipment of these items had seen an increase of 9.77 per cent to $24.866 billion in 2022, compared to $22.652 billion in 2021. In recent years, these exports have consistently ranged between $22 billion and $25 billion annually. Specifically, the export value was $24.418 billion in 2014, $23.622 billion in 2015, $22.124 billion in 2016, $22.671 billion in 2017, $23.467 billion in 2018, $22.905 billion in 2019, and $19.330 billion in 2020.

Fibre2Fashion News Desk (KUL)


This according to Fibre2Fashion's Market Intelligence Tool - TexPro

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search