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US textile & apparel imports touch $104bn in 2013
11
Feb '14
The United States imported textiles and apparel worth US$ 104.724 billion in 2013, registering an increase of 3.76 percent over imports of $100.931 billion made in 2012, according to the latest Major Shippers Report, released by the U.S. Department of Commerce.
 
With $41.673 billion worth of goods supply, China accounted for 39.79 percent share of all US textile and garment imports last year.
 
Vietnam, India, Indonesia and Bangladesh were among the top five suppliers of textiles and clothing to the US during the year, contributing 8.38 percent, 6.01 percent, 4.99 percent and 4.87 percent share, respectively.
 
Segment-wise, the US apparel imports during the year were valued at $79.797 billion, while non-apparel imports stood at $24.927 billion.
 
In the apparel category, Vietnam’s exports to the US jumped by 14.44 percent year-on-year to $8.126 billion, whereas exports from Bangladesh climbed 10.68 percent year-on-year to $4.947 billion.
 
In the non-apparel category, India’s exports to the US increased by 8.15 percent year-on-year to $3.087 billion during the 12-month period, accounting for 12.39 percent share in US imports.
 
The US imports of non-apparel from Turkey and Vietnam rose by 8.41 percent year-on-year and 16.62 percent year-on-year to $663 million and $645 million, respectively.
 
Of the total US textile and apparel imports of $104.724 billion, cotton products accounted for $51.615 billion, while man-made fibre (MMF) products were worth $46.685 billion, followed by $4.713 billion of wool products and $1.710 billion of products from silk and vegetable fibres.
 
In 2011, the US textile and apparel imports stood at $101.324 billion, which decreased to $100.931 billion in 2012, and have now increased to $104.724 billion in 2013, showing a revival of the US economy.
 

Fibre2fashion News Desk - India

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