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Impact of China imports is exaggerated
Source  : AEPC

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2000

Mexico

China

Hong Kong

Dominican

Honduras


14.70%

11.30%

7.10%

Republic (4.1%)

3.80%

2001

Mexico

China

Hong Kong

Honduras

India


13.80%

11.90%

6.70%

3.80%

3.60%

2002

China

Mexico

Hong Kong

India

Honduras


13.00%

13.00%

6.20%

4.00%

4.00%

2003

China

Mexico

Hong Kong

India

Honduras


15.60%

11.20%

5.40%

4.00%

3.70%

2004

China

Mexico

Hong Kong

India

Honduras


18.10%

10.10%

5.30%

4.20%

3.70%

2005

China

Mexico

India

Hong Kong

indonesia


25.70%

8.70%

5.10%

4.50%

3.70%

2006

China

Mexico

India

Indonesia

Bangladesh


29.10%

7.40%

5.30%

4.40%

3.50%

Source :  U.S. Department of Commerce, Office of Textile and Apparel (OTEXA)


The other major changes in the top five clothing suppliers for the United States were the gradual disappearance of Hong Kong and the more recent emergence of India. In 1990, Hong Kong was the leading source of U.S. clothing imports, with a market share of 16.1%.


During the following 10 years, Hong Kong slid slowly down to be the third leading source of U.S. clothing imports in 2000, with a market share of 7.1%. By 2005, Hong Kong was the fourth largest U.S. clothing supplier, and in 2006, it dropped out of the top five altogether. By contrast, India did not join the top five list until 2001, but since then has rapidly increased its market share and position.


In 2006, India was the third largest source of U.S. clothing imports, with a market share of 5.3%. The biggest annual shift in the source of U.S. clothing imports took place in 2005. China's market share increased by 7.6%, while Mexico's market share declined by 2.4% of total imports. India moved up to third place, providing 5.1% of U.S. clothing imports, while Hong Kong had its share decline to 4.5%.


Finally, Indonesia sprang into the top five for the first time, pushing out Honduras. In 2006, China continued to make gains in the U.S. clothing market, raising its share of imports to 29.1%. Mexico continued to see its clothing exports to the United States drop in market share and in value, emerging with 7.4% of total U.S. clothing imports.


India held onto third place, and Indonesia slid into fourth. Finally, another new party to the top five appeared in 2006, with Bangladesh overtaking Hong Kong for fifth place.


 

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 Published On :  Thursday, August 21, 2008

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