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US apparels imports up in value, down in volume
17
Feb '12
The US, which sources about 95 percent of its apparel requirements from other countries, has registered a 9.2 percent year-on-year rise in its imports during the year ending November 30, 2011.

The country imported clothing and textile items worth US$ 101.3 billion during the year, as against imports of US$ 92.7 billion during the corresponding period of the previous year, according to the data released by the US Association of Importers of Textiles and Apparel.

The rise in apparel imports is mainly attributed to the sharp rise in the price of raw materials like cotton and polyester. The prices of cotton peaked to US$ 2.30 a pound in March 2011 from US$ 0.72 a pound in November 2010.

In terms of volume, however, apparel and textile imports by US declined by 2 percent during the year ending November 30, 2011. The country imported 54 billion square-metre equivalents (SME) of clothing items during the year, as against imports of 55.2 billion SME recorded during the previous year.

China was the largest exporter of apparel items to the US during the 12-month period, accounting for about 46 percent of all apparel and textiles imported by US firms. Vietnam and India were the second and the third largest exporters respectively, of clothing items to the US during the year.

The US apparel imports from China were worth US$ 40.6 billion during the period, a rise of 6.2 percent year-on-year. Volume-wise, however, the imports declined by 2.5 percent to 25.2 billion SME.

Vietnam exported US$ 7.2 billion worth of clothing and textiles to the US during the year, showing a year-on-year rise of 10 percent. In terms of volume, too, the US imports from Vietnam jumped by nearly 15 percent y-o-y to 9.85 billion SME.

The US apparel and textile imports from India surged by 11 percent y-o-y to US$ 6 billion during the year. Volume-wise, there was a growth of around 2 percent y-o-y to 3 billion SME.

Fibre2fashion News Desk - India

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