US textile and apparel exports up 13.19% between January and August 2022

0
U.S. textile and apparel exports rose 13.19% year-on-year in the first eight months of this year. The value of exports stood at $16.795 billion from January to August 2022, compared to $14.837 billion for the same period of 2021, according to data from the Office of Textiles and Apparel, U.S. Department of Commerce.

By category, apparel exports grew 26.22% year-on-year to $4.862 billion, while textile products grew 8.62% to $11.933 billion in the first eight months of 2022 .

Among textile products, yarn exports rose 21.33% year-on-year to $3.118 billion, while fabric exports rose 3.25% to $5.956 billion. Exports of made-up and miscellaneous items rose 7.99% to $2.857 billion.

U.S. textile and apparel exports rose 13.19% year-on-year in the first eight months of this year. The value of exports stood at $16.795 billion from January to August 2022, compared to $14.837 billion for the same period of 2021, according to data from the Office of Textiles and Apparel, U.S. Department of Commerce.

By country, Mexico (27.21 percent) and Canada (24.13 percent) together accounted for more than half of total US textile and apparel exports during the review period. The United States supplied $4.627 billion worth of textiles and apparel to Mexico during the eight-month period, followed by $4.034 billion to Canada and $1.195 billion to Honduras.

In recent years, US textile and apparel exports have remained in the range of $22 billion to $25 billion a year. In 2014, they amounted to 24.418 billion dollars, while the figure was 23.622 billion dollars in 2015, 22.124 billion dollars in 2016, 22.671 billion dollars in 2017, 23.467 billion dollars in 2018 and 22.905 billion dollars. dollars in 2019. The value had dropped to $19.330 billion in 2020 due to the COVID-19 pandemic, but rose again in 2021 to $22.652 billion.

Fibre2Fashion (KUL) Press Office


Share.

About Author

Comments are closed.