Foreign news on July 9, according to data from the U.S. Office of Textiles and Apparel (OTEXA), U.S. textile and apparel exports fell 3.75% year-on-year to $9.907 billion in the first five months of this year. Major markets such as Canada, China, and Mexico all experienced declines. It was US$10.292 billion in the same period last year.
Among the top 10 markets, exports to the Netherlands increased by 23.27% year-on-year to US$206.623 million; exports to the United Kingdom and the Dominican Republic increased by 14.4% and 4.15% respectively.
In contrast, exports to Canada, China, Guatemala, Nicaragua, Mexico, and Japan fell by 35.69%. Among them, exports to Mexico were US$2,884.033 million, exports to Canada were US$2,240.976 million, and exports to Honduras were US$559.2 million.
In terms of categories, clothing exports from January to May increased by 4.35% year-on-year to US$3.005094 billion, while fabric exports decreased by 4.68% year-on-year to US$3.553589 billion. The export value of yarn, manufactured products and other products fell by 7.67% to US$1,760.141 million and 10.71% to US$1,588.458 million respectively.
U.S. textile and apparel exports in 2022 will increase by 9.77% to US$24.866 billion from US$22.652 billion in the previous year. In recent years, the annual export volume of U.S. textiles and apparel has remained between US$22 billion and US$25 billion. US$24.418 billion in 2014, US$23.622 billion in 2015, US$22.124 billion in 2016, US$22.671 billion in 2017, US$23.467 billion in 2018, and US$22.905 billion in 2019.
Affected by the new crown epidemic, exports fell to US$19.33 billion in 2020.
