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Friday, 03 March 2023 06:51

Industrial Textile imports, exports in US rebound in 2022

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In 2022, the United States saw an increase in imports of industrial textiles, which totaled $3.095 billion, up from $2.941 billion in 2021.

This was a significant improvement from the $2.302 billion imported in 2020 during the height of the COVID-19 pandemic. US imported $2.571 billion worth of industrial textiles in 2017, which increased to $2.752 billion in 2018 but declined to $2.616 billion in 2019.

On the other hand, the US exported $2.235 billion worth of industrial textiles in 2022, showing a recovery from the pandemic-induced decline in 2020, where exports were worth $1.891 billion. The US exported $2.089 billion in 2021, and $2.337 billion and $2.292 billion in 2018 and 2017, respectively.

China was the top exporter of industrial textiles to the US in 2022, accounting for 13.88 per cent of total imports, followed by Mexico (12.57 per cent), Canada (11.58 per cent), Vietnam (9.27 per cent), and India (6.98 per cent).

In terms of exports, Mexico was the largest market for US industrial textiles, accounting for 50.38 per cent of total exports in 2022, followed by Canada (16.34 per cent), China (4.45 per cent), Germany (3.21 per cent), and Japan (2.04 per cent).