US Textile and Apparel Exports Up 12.83% YoY in January-April 2022
- The exports of textiles and apparel from the United States were up by 12.83 percent year-on-year in the first four months of this year. The value of exports stood at $8.124 billion from January-April 2022 compared to $7.2 billion in the same period of 2021, according to data from the Office of Textiles and Apparel, US Department of Commerce.
- Category-wise, apparel exports increased by 22.32 percent year-on-year to $2.251 billion, while textile mill products rose 9.57 percent to $5.872 billion during the first four months of 2022.
- Among textile mill products, yarn exports increased by 21.49 percent year-on-year to $1.449 billion, while fabric exports were up 4.09 percent to $2.947 billion in the same period. Made-up and miscellaneous articles exports grew 10.21 percent to $1.426 billion.
- Country-wise, Mexico, and Canada together accounted for half of the total US textile and clothing exports during the period under review.
The US supplied $2.308 billion worth of textiles and apparel to Mexico during the four-month period, followed by $1.952 billion to Canada and $0.546 billion to Honduras. In recent years, the US textile and clothing exports have remained in the range of $22-25 billion per annum. In 2014, they stood at $24.418 billion, while the figure was $23.622 billion in 2015, $22.124 billion in 2016, $22.671 billion in 2017, $23.467 billion in 2018, and $22.905 billion in 2019. However, the value decreased to $19.330 billion in 2020 because of the COVID-19 pandemic. In 2021, US textile and apparel exports stood at $22.652 billion. The increase in value of textile exports was due to higher per-unit prices because of costlier cotton and other raw materials. Source: Fibre2Fashion News Desk