OTEXA Export Guide for Textiles and Apparel, updated; plus, free webinar on export opportunities in Mexico.
The growth of the global economy provides greater opportunities for U.S. firms to seek out new markets and customers. With increased competition from overseas, companies are looking to diversify their client bases and find new ways to grow. The supply chain for textiles and apparel has become increasingly global, to include North America, Latin America, Europe, Africa and the Asia Pacific region. Customers, suppliers, manufacturers and assemblers are located throughout the world, and represent new potential partners for U.S. firms.
2012 showed an increase in total textile and apparel exports at $22.7 billion, up from $19.7 in 2010, an increase of 15 percent. As foreign markets rebound and seek to increase their purchases of textiles and apparel, U.S. companies have an opportunity to expand their business internationally.
The market report “Going Global: Export Guide for Textiles and Apparel,” compiled by OTEXA and the International Trade Administration, presents the 15 largest export markets for U.S. exports of textiles and apparel. 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 report also profiles the five fastest growing markets for U.S. exports of textiles and apparel: for textiles, Vietnam, Egypt, Poland, Pakistan and Lithuania; for apparel, the United Kingdom, The Netherlands, China, Saudi Arabia and France. While exports to these countries are lower, they’re growing rapidly. The increase in exports to these markets can be attributed to numerous factors, including economic development and recently signed Free Trade Agreements with the U.S. (Current political and civil unrest may have future impacts.)
More information on countries not detailed in this report can be found online at the OTEXA website. OTEXA also provides advisory services and can help U.S. exporters prepare for entry into new markets.
Export opportunities in Mexico
Thursday, Nov. 7 at 2:00 pm EST, the U.S. Department of Commerce and ExpoProducción Mexico will co-host a webinar on export opportunities in Mexico for U.S. textile and apparel producers. The webinar will feature information on the Mexican market and business culture, an overview of the North American Free Trade Agreement (NAFTA), and discussion of the applicable rules of origin for textile and apparel products. A question and answer session will follow the presentation.
There is no charge, but advance registration is required. To register, visit webinar registration. Call-in and log-in information will be sent via email after registration is received. The webinar will be recorded and posted on OTEXA’s website for those who cannot participate November 7. Registration closes Nov. 6 at 5:00 p.m. EST. For more information, please visit the OTEXA website.
ExpoProducción 2014, to be held February 5–7, 2014, at the World Trade Center in Mexico City, is the only event in Mexico to bring together under one roof all sectors of the fashion, home and technical textiles industries. Leading companies from the equipment and machinery sector, along with domestic and international textile manufacturers, technical textiles and fiber manufacturers, and service and parts suppliers will showcase their latest products, services and technology. A comprehensive education program will also be offered for manufacturers. For details, visit ExpoProducción.