**US textile imports slow down by 23% in the first half of the year**
**New York –** The United States’ textile imports saw a significant decline of 23% in the first six months of 2023, totaling $44.5 billion, according to new data released by the US Department of Commerce.
The slowdown in imports was primarily attributed to the combined effects of a stronger US dollar, which made imports more expensive, and a decrease in consumer demand due to inflation and economic uncertainty.
The value of apparel imports fell by 20% to $27.4 billion, while home textile imports dropped by 28% to $9.6 billion. Imports of other textile products, such as industrial fabrics and yarns, also experienced declines.
The largest supplier of textiles to the US, China, saw its exports to the US decrease by 25% in the first half of the year. Other major textile exporters to the US, such as India, Bangladesh, and Vietnam, also reported declines in their exports.
The slowdown in textile imports is likely to have a ripple effect on the US textile industry. Domestic textile manufacturers may benefit from the reduced competition from imports, but they may also face challenges due to the rising costs of raw materials and labor.
The full impact of the decline in textile imports on the US economy remains to be seen. However, it is clear that the US textile industry is undergoing a period of significant change.
**Key Points:**
* US textile imports declined by 23% in the first half of 2023, totaling $44.5 billion.
* The slowdown in imports was primarily due to the stronger US dollar and decreased consumer demand.
* China, the largest supplier of textiles to the US, saw its exports to the US decrease by 25%.
* The decline in textile imports is likely to have a ripple effect on the US textile industry.
Source: [US Department of Commerce](https://www.commerce.gov/)
**Additional Information:**
* [Textile Industry in the US](https://www.textileexchange.org/about-us/textile-industry-in-the-us/)
* [US Textile Imports and Exports](https://www.textiles.org/textile-industry-statistics/)
**Disclaimer:** The information provided in this article is for general knowledge and informational purposes only, and does not constitute professional advice. It is recommended that you consult with a qualified professional for specific advice tailored to your situation..
