INSIGHTS
US textile and apparel exports grew by 2.52 per cent in January-February 2023, reaching $3.815 billion.
Apparel exports increased by 13.91 per cent, while fabric exports rose by 1.88 per cent.
However, yarn and made-up/miscellaneous article exports decreased.
Among the top ten markets, exports to the Netherlands, the UK, and Mexico increased.
Exports of textiles and apparel from the US grew by 2.52 per cent in January-February 2023, reaching a value of $3.815 billion, compared to $3.721 billion in the same period last year, according to data from the Office of Textiles and Apparel (OTEXA), US department of commerce.
Category-wise, apparel exports increased by 13.91 per cent year-on-year to $1,169.211 million, while fabric exports rose by 1.88 per cent to $1,366.608 million in January-February this year. However, exports of yarn and made-up and miscellaneous articles decreased by 2.11 per cent to $685.527 million and 9.08 per cent to $594.115 million, respectively, during the same period.
Among the top ten markets, textile and apparel shipments to the Netherlands increased by 44.45 per cent to $77.987 million in the first two months of 2023. Exports also increased to the United Kingdom (30.29 per cent) and Mexico (2.71 per cent). However, shipments to the Dominican Republic, Mexico, Canada, China, Guatemala, Nicaragua, and Japan experienced a decline of up to 43.26 per cent. The US supplied $1,116.960 million worth of textiles and apparel to Mexico during this period, followed by $860.248 million to Canada and $215.519 million to Honduras.
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