US textiles & apparel imports up 5.32% in Jan-Oct 2018

Apparel constituted the bulk of the textiles and garments imports made by the US during the initial ten months of current year, and was valued at $71.027 billion, while non-apparel imports accounted for the remaining $23.546 billion, according to the latest Major Shippers Report, released by the US department of commerce.  

Segment-wise, among the top ten apparel suppliers to the US, exports from Cambodia showed double-digit growth of 13.49 per cent year-on-year. On the other hand, imports from Sri Lanka registered a decline of 10.47 per cent compared to the same period of the previous year.

In the non-apparel category, among the top ten suppliers, imports from Vietnam, Turkey, Mexico, Italy and China shot up by 19.70 per cent, 16.15 per cent, 12.75 per cent, 11.60 per cent, and 12.58 per cent year-on-year to $622.957 million, $938.044 million, $1080.350 million, $494.296 million, and $10.944 billion respectively. 

Of the total US textile and apparel imports of $94.574 billion during the period under review, cotton products were worth $40.404 billion, while man-made fibre products accounted for $48.986 billion, followed by $3.639 billion of wool products and $1.543 billion of products from silk and vegetable fibres.

In 2017, the US textile and apparel imports had increased by 1.25 per cent year-on-year to $105.938 billion, with apparel alone accounting for $80.251 billion. (PC) 

Fibre2Fashion News Desk – India