US exports as of July 2021: A second look

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US exports as of July 2021: A second look

17-9-2021

US EXPORTS AS OF JULY 2021: A SECOND LOOK

The US Government Office of Textiles and Apparel (OTEXA) has published its apparel US exports data as of July 2021. Here, David Birnbaum reveals exclusively what it means for the global apparel industry.

US data is particularly important not only because the US is the world’s second largest garment importer but more importantly because the US has virtually no domestic industry. Indeed, approximately 95% of all US retail garment sales are derived from garment imports. As a result, there is a direct connection between imports and total US garment retail sales.

Earlier this month the US Government Office of Textiles and Apparel (OTEXA) published garment export data as of July 2021.

As we saw in the previous report the year-to-date (YTD) figure as of June 2021 showed an 11% decline compared with the same period in 2019. The latest data for YTD July showed an even greater decline to -13%

By Just Style
ful article:
https://drive.google.com/file/d/1m79q_xcPHa4mdKrSXvSpIUY-aFhnGI5y/view?usp=sharing

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