US textile & apparel exports down 7.66% in Jan-July ’16

The exports of textile and apparel from United States were down 7.66 per cent year-on-year in the first seven months of this year. The value of exports stood at $12.934 billion during January-July 2016 compared to $14 billion in the corresponding period last year, according to data from the Office of Textiles and Apparel, US department of commerce.

Category-wise, apparel exports declined by 8.5 per cent year-on-year to $3.239 billion, while textile mill products dipped 7.37 per cent to $9.694 billion during the first seven months of 2016.

Among apparel, the highest growth of 15.33 per cent was registered in exports of men’s and boys’ woven shirts, whereas a maximum decline of 38.95 per cent was seen in exports of women’s and girls’ suits.

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Among textile mill products, yarn exports declined by 9.72 per cent year-on-year to $2.648 billion, while fabric and made-up article exports decreased by 7.02 per cent and 5.06 per cent respectively to $5 billion and $2.045 billion.

Country-wise, Mexico and Canada together accounted for nearly half of the total US textile and clothing exports during the period under review. The US supplied $3.482 billion worth of textiles and apparel to Mexico during the seven-month period, followed by $2.927 billion to Canada and $876 million to Honduras.

In recent years, the US textile and clothing exports have remained in the range of $22-25 billion per annum. In 2011, they stood at $22.432 billion, while the figure was $22.656 billion in 2012, $23.665 billion in 2013, $24.418 billion in 2014 and $23.737 billion in 2015. (RKS)