The United States year-end review 2024: Embracing the political change

Jan 10, 2025

The U.S. Department of Commerce said in October that the U.S. economy remained strong with an increase in real gross domestic product (GDP) and a rise in wages and consumer spending. On a half-yearly basis, between January and June 2024, the U.S. imports of textiles and apparel declined 3.58 percent to $49.349 billion from $51.178 billion during the same period of last calendar year. Apparel constitutes the bulk of the U.S. textile imports, and it fell by 6.04 percent to $35.748 billion from $38.044 billion last year, while non-apparel imports rose 3.55 percent to $13.134 billion.

 

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