Bulk consumption of US textile exports seen in Mexico and Canada

In recent years, the US textile and clothing exports have been growing at a steady pace. A big leap in US textile exports was seen from January to April 2014, during this period they exported textile and apparel worth US$7.857B, growth rate of 2.64 percent year-on-year. Mexico and Canada were to two countries who consumed bulk of textile and apparel exports made by the US. Mexico, the US’ southern neighbor, accounted for $1.992B or 25.35 percent share in all US textile and garment exports during the first four months of the current year, whereas, Canada, the northern neighbor, contributed $1.692B or 21.53 percent share, as per the data from U.S. Deparatment of Commerce. Honduras and China were the other two countries who enjoyed a share of more than 5 percent in overall textile and clothing exports from the US during the four-month period. Among the top ten destinations for the US textile and apparel exports, the highest increase of 20.78 percent year-on-year was registered in exports to Belgium, followed by Mexico, Honduras and El Salvador with growth of 7.5 percent, 7.47 percent and 6.11 percent, respectively. However, the US textile and clothing exports to China and Japan dropped by 14.1 percent year-on-year and 9.46 percent to $426.331M and $224.847M, respectively, during the period under review. Segment-wise, garment exports from the US increased by 2.23 percent year-on-year to $1.88B in the first four months of 2014, while exports of textile mill products increased by 2.77 percent to $5.976B. Among textile mill products, yarn exports rose by 1.45 percent year-on-year to $1.718B, whereas fabric exports saw a rise by 3.58 percent to $3.039B and exports of made-up articles climbed 2.64 percent to $1.218B.