Textile, Apparel Exports Decline By 14%

Exports of clothing and textiles decreased 13.9% in 2022–2023 compared to the prior year. Textiles and clothing exports totaled $41.3 billion in 2021–2022, or 9.79% of all exports of goods. However, the segment only exported $35.5 billion worth of goods in 2022–2023, or 7.95% of total exports of goods. While textile exports decreased 23.3% to $ 19.3 billion last fiscal year, apparel exports increased 1.1% to $16.1 billion from $16.01 billion the year before.