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US’ imports of industrial textiles increased to $3.095 billion in 2022 from $2.941 billion in 2021, which was higher than the shipment of 2020 when it imported industrial textiles worth $2.302 billion. The country had imported industrial textiles worth $2.571 billion in 2017, which increased to $2.752 billion in 2018. However, it slipped to $2.616 billion in 2019 and $2.302 billion in 2020, according to Fibre2Fashion's market insight tool TexPro.
The US exported industrial textiles worth $2.150 billion in 2019, which declined to $1.891 billion in 2020. But the trade partially recovered to $2.089 billion in 2021. It further increased to $2.235 billion in 2022 and surpassed the figure of 2019. The country exported industrial textiles worth $2.337 billion in 2018 and $2.292 billion in 2017.
During 2022, the US imported 13.88 per cent of its total industrial textiles from China, 12.57 per cent from Mexico, 11.58 per cent from Canada, 9.27 per cent from Vietnam, and 6.98 per cent from India, as per TexPro.
The country has exported 50.38 per cent of its total industrial textiles to Mexico, 16.34 per cent to Canada, 4.45 per cent to China, 3.21 per cent to Germany, and 2.04 per cent to Japan in the last year.
Fibre2Fashion News Desk (KUL)