USA Export Guide. The Top 10 Largest Export Markets for the US Fashion Industry
The growth of the global economy provides U.S. firms with greater opportunities to seek out new markets and customers and to expand their businesses. Moreover, with increased competition from overseas, companies are looking to diversify their client base and find new ways to grow.
2012 showed an increase in total textile and apparel exports at $22.7 billion, up from $22.4 in 2011, an increase of 1 percent. As foreign markets rebound and look to increase their purchases of textiles and apparel, U.S. companies have an opportunity to grow their business internationally.
This report profiles the 10 largest growing markets for U.S. exports of apparel and textiles. U.S. exporters are supplying yarns, fabrics, and finished products to mills, processors, assemblers, and consumers. U.S. exporters of textiles and apparel can use this information to help determine which markets are most attractive and offer the greatest long-term growth opportunities.
The Top 10 Markets are determined by the largest amount of U.S. exports of textiles and apparel in U.S. dollars.
- Dominican Republic
- United Kingdom
- El Salvador
- Hong Kong
Courtesy of The Office of Textiles and Apparel, OTEXA.
OTEXA oversees programs and strategies to improve domestic and international competitiveness of the U.S. textiles, apparel footwear and travel goods industries. OTEXA promotes trade programs and works on behalf of U.S. companies to improve domestic and global business environments and promote export opportunities.