USA Export Guide. The Top 5 Fastest Growing Apparel Export Markets
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 5 fastest growing markets for U.S. exports of apparel. While exports to these countries are at lower levels, exports are growing rapidly and present new opportunities for U.S. companies. The increase in exports to these markets can be attributed to numerous factors including economic development and recently-signed Free Trade Agreements with the United States.
Based on the exports in first five months of 2013. Sorted by countries with 25% or more growth in exports of at least one million dollars.
The Top 5 Apparel Market Mover & Shakers
1 United Kingdom
hs 6109: t-shirts, singlets, tank tops and similar garments, knitted
hs 6204: womens or girls suits, ensemb etc, not knit etc
hs 6104: womens or girls suits, ensemb etc knitted or crocheted
hs 6212: brassieres, girdles, corsets, braces, suspenders etc
hs 6108: womens or girls slips, briefs, panties etc, knitted
hs 6110: sweaters, pullovers, sweatshirts, knitted or crocheted
hs 6217: made-up cl access nesoi, garment etc parts nesoi
2 Netherlands
hs 6211: track suits, ski-suits & swimwear, not knit etc
hs 6110: sweaters, pullovers, vests etc, knit or crochet
hs 6109: t-shirts, singlets, tank tops etc, knit or crochet
hs 6204: womens or girls suits, ensemb etc, not knit etc
hs 6217: made-up clothing access, garment etc
hs 6115: pantyhose, socks & other hosiery, knit or crochet
3 China
hs 6204: womens or girls suits, ensemb etc, not knit etc
hs 6109: t-shirts, singlets, tank tops etc, knit or crochet
hs 6104: womens or girls suits, ensemb etc, knitted or crocheted
hs 6210: garments, of felt etc, or fabric impregnated etc
hs 6217: made-up cl access nesoi, garment etc parts nesoi
4 Saudi Arabia
hs 6204: womens or girls suits, ensemb etc, not knit etc
hs 6104: womens or girls suits, ensem etc, knit or croch
hs 6206: womens or girls blouses, shirts etc not knitted or crocheted
hs 6203: mens or boys suits, ensembles etc not knitted or crocheted
hs 6217: made-up cl access nesoi, garment etc parts nesoi
5 France
hs 6204: womens or girls suits, ensemb etc, not knit etc
hs 6109: t-shirts, singlets, tank tops and similar garments, knitted
hs 6104: womens or girls suits, ensemb etc knitted or crocheted
hs 6212: brassieres, girdles, corsets, braces, suspenders etc
hs 6115: pantyhose, tights, hosiery, etc knitted or crocheted
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.