Textile and apparel imports experienced notable growth from August to October, rising 9.8 per cent to 10.7 billion square meter equivalents (SME) in October, according to the Department of Commerce’s Office of Textiles and Apparel (OTEXA). This represents a 33.1 per cent increase compared to the same period last year.

Textile imports totaled 8.22 billion SME in October, up 14 per cent from August and 37.2 per cent year-on-year, while apparel imports stood at 2.51 billion SME, down 2.4 per cent from August but up 21 per cent from last year. Year-to-date imports through October reached 87.5 billion SME, a rise of 11.3 per cent from 2023, with textiles climbing 13.8 per cent to 65.7 billion SME and apparel increasing 4.4 per cent to 21.8 billion SME.

For the year ending October 2024, total imports grew 10.6 per cent to 101.4 billion SME. Textile imports jumped 13.5 per cent to 76.2 billion SME, while apparel imports edged up 2.9 per cent to 25.2 billion SME.

Among top source countries, China remained the largest supplier in October with 3.53 billion SME, up 3.8 per cent monthly and 17.7 per cent annually. India and Egypt showed significant gains, with annual increases of 90.7 per cent and 294.6 per cent, respectively. Vietnam (+30.8 per cent) and Turkey (+6.0 per cent) also contributed to the growth. Conversely, Malaysia and Israel saw declines of 15.8 per cent and 44.3 per cent year-on-year.

OTEXA’s data highlights robust global demand, particularly for textiles, despite variability among sourcing nations.

By Fashionating World
https://www.fashionatingworld.com/new1-2/textile-and-apparel-imports-rise-driven-by-key-suppliers-otexa