US textiles & apparel exports dip 3.21% to $1.74 bn in Jan 2025

Among the top ten export markets, shipments to Mexico decreased by 13.35 per cent, reaching $503.131 million in January 2025. Exports to Honduras, Guatemala, the Dominican Republic, and China declined by up to 10 per cent. During this period, shipments to Canada, the Netherlands, Japan, the United Kingdom, and Germany showed an upward trend, with exports increasing by up to 59.03 per cent.

The US exported $417.621 million worth of textiles and apparel to Canada, $87.114 million to Honduras, $54.963 million to the Netherlands, $53.787 million to China, and $45.316 million to the Dominican Republic, its key markets for textile and apparel exports.

By category, apparel exports declined by 10.75 per cent year-on-year, totalling $478.149 million. Fabric exports fell by 0.25 per cent to $640.861 million, while yarn exports dropped by 6.59 per cent to $304.397 million. Exports of made-up articles and miscellaneous items saw a slight decrease of 6.53 per cent, amounting to $319.775 million.

US exported textiles and apparel worth $22.617 billion in 2024, which was 2.98 per cent lower than the shipment value of 2023. In 2024, it exported apparel worth $7.084 billion, fabric worth $8.049 billion, and yarn worth $4.005 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 notable 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)