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US textiles & apparel exports dip 2.5% to $21.3 bn in Jan-Nov 2024

14 Jan '25
2 min read
US textiles & apparel exports dip 2.5% to $21.3 bn in Jan-Nov 2024
Pic: Adobe Stock

Insights

  • US textile and apparel exports fell 2.5 per cent to $21.3 billion in Jan–Nov 2024, down from $21.846 billion in 2023, as per OTEXA.
  • Exports to Mexico rose 1.88 per cent, but shipments to Canada, China, and others recorded declines.
  • Apparel exports dropped 3 per cent to $6.571 billion, fabrics fell 2.75 per cent, and yarns dipped by 2.31 per cent.
The United States’ textile and apparel exports decreased by 2.50 per cent to $21.300 billion in the first eleven months of 2024, compared to $21.846 billion in the same period of 2023, according to data from the Office of Textiles and Apparel (OTEXA), a division of the US Department of Commerce.

Among the top ten export markets, shipments to Mexico increased by 1.88 per cent, reaching $6.522 billion between January and November 2024.

In contrast, exports to Guatemala, the Dominican Republic, China, Nicaragua, Canada, Honduras, the United Kingdom, the Netherlands, and Japan recorded declines of up to 16.54 per cent. During this period, the US exported $4.906 billion worth of textiles and apparel to Canada, $1,114.695 million to Honduras, $656.984 million to China, and $585.150 million to the Dominican Republic.

By category, apparel exports experienced a modest decline of 3.00 per cent year-on-year, totalling $6.571 billion. Fabric exports fell by 2.75 per cent to $7.485 billion, while yarn exports dropped by 2.31 per cent to $3.736 billion. Exports of made-up articles and miscellaneous items saw a slight decrease of 1.17 per cent, amounting to $3.508 billion.

In 2023, US textile and apparel exports dropped by 5.02 per cent to $23.617 billion, following a 9.77 per cent increase in 2022, which had reached $24.866 billion compared to $22.652 billion in 2021. Over the past decade, annual exports have generally ranged between $22 billion and $25 billion, with significant figures including $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)

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