Total U.S. cotton textile and apparel trade declined during the first half of 2024, compared with the corresponding 2023 period. U.S. cotton product imports totaled the equivalent of 7.2 million 480-pound bales of raw cotton during January–June 2024 compared with 7.4 million bales during the first 6 months of 2023, a 3-percent decline. Cotton product exports decreased 5 percent to approximately 1.2 million bale-equivalents. As a result, the cotton textile and apparel trade deficit fell about 2.5 percent during the first half of 2024, reaching 6.1 million bale equivalents. U.S. cotton product imports are sourced from many countries, although most products are imported from a handful of suppliers. During the first half of 2024, the top five countries contributed 68 percent of total U.S. cotton product imports , slightly above the corresponding period in 2023. Although the total share is similar, changes are notable for a couple of countries, indicating the vitality of each countr...
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