In 2022, the textile and apparel industry in the United States experienced a significant increase in imports and exports. According to US government data, textile and apparel imports into the USA were worth $132.2 billion, exceeding the figure of $127.7 billion recorded in 2019. Meanwhile, textile and apparel exports topped the $30.4 billion mark, which was a considerable increase compared to the $22.1 billion recorded prior to the pandemic. This represented a growth of 37.5% over 2019.
China was the leading supplier country, with a market share of 24.7 per cent and an order value of $32.7 billion. Vietnam was China's first competitor, with a growth rate of 27 per cent over a year, resulting in an export value of $19.6 billion. India was third with $11.1 billion, up by 12.2 per cent. Bangladesh, Indonesia, and the European Union followed, with export values of $10 billion (up 35.4 per cent), $6.2 billion (up 36.7 per cent), and $5.7 billion (up 13.6 per cent), respectively. Cambodia also saw a significant increase in imports, growing 31.43 per cent to $5.2 billion, overtaking Mexico ($4.8 billion, up by 10.2 per cent) and Pakistan ($4.7 billion, up by 12.9 per cent).
On the export side, North America accounted for 51 per cent of orders shipped from the USA ($12.8 billion), with $6.8 billion going to Mexico (up 9 per cent) and $5.9 billion (up 11.1 per cent) going to Canada. US textile/apparel exports to the EU were worth $2.2 billion, equivalent to a 16.7 per cent increase that made European orders reach an 8.1 per cent market share. Honduras followed with $1.7 billion (up 22.55 per cent), and China with $798.7 million, down 5.8 per cent.
The US textile and apparel industry's sustained buoyancy contrasted with the European industry's hit by the repercussions of the invasion of Ukraine and the inflation it has triggered on the continent. The United States played a leading role in the renewed growth of international textile and apparel trade since 2021.
The main international trade flow for apparel in 2021 was exceptionally not the one between Asia and Europe (worth $117 billion), but that between Asia and the Americas, worth $124 billion. This was mainly driven by the USA's post-crisis demand rebound.
By Fashionating World