Textiles exports from Malaysia to the US stood at $27.838 million in 2023. The value has shown fluctuations over the years from 2013, peaking around 2018 when it reached $30.361 million. From 2020 onwards, the exports have generally been decreasing, with a year-on-year variation in 2022 and 2023 indicating slight declines of -1.02% and -1.01%, respectively. Over the last five years, the CAGR has shown a negative trend of -1.72%.

Future forecasts from 2024 to 2028 predict a continued decline in textiles exports, with an average reduction rate (CAGR) of -0.86%. Key trends to watch include:

• Changing global trade policies and tariffs
• Increasing competition from other textile-exporting countries
• Shifts in US demand for textiles and associated products
• Technological advancements and sustainable practices in the textile industry
• Potential impacts of geopolitical events on trade relations