9th Apr 2014
The imports of apparel by the United States from Vietnam increased by 14.02 percent year-on-year to US$ 1.514 billion during the first two months of 2014, according to the latest Major Shippers Report, released by the U.S. Department of Commerce.
On the other hand, the US apparel imports from China, the main supplier, declined by 3.72 percent year-on-year to $4.684 billion during January-February 2014, the data showed.
Bangladesh, the world’s second largest garment exporter, also saw its supplies to the US decreasing by 2.09 percent to $881.219 million during the period under review.
Among Asean countries, the US clothing imports from Indonesia, Cambodia and Philippines dropped by 7.57 percent year-on-year, 0.5 percent and 3.74 percent, respectively, during the two-month period.
Among South Asian nations, the US imports of garments from India and Sri Lanka increased by 5.23 percent year-on-year and 11.64 percent, respectively, while imports from Pakistan dropped marginally by 1.06 percent, according to the report.
The US apparel import from Mexico, Honduras, El Salvador, Nicaragua and Guatemala showed growth of 0.7 percent year-on-year, 4.32 percent, 0.41 percent, 16.79 percent and 4.14 percent, respectively, which shows a trend of importing more from countries in the region.
Overall, the US apparel imports grew slightly by 0.72 percent to $13.091 billion in the first two months of 2014, compared to imports of $12.998 billion made during the corresponding period of last year.
In January-February 2014, the US non-apparel imports increased by 1.43 percent to $4.05 billion, as against imports of $3.993 billion made during the same months of 2013.
Fibre2fashion News Desk - India