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US textile & apparel imports up 3% in Jan-Oct '14
24
Dec '14
The United States imported textiles and apparel worth US$ 91.625 billion in the first ten months of 2014, registering an increase of 3 per cent over imports of $88.955 billion made in the corresponding period of last year, according to the Major Shippers Report, released by the U.S. Department of Commerce.
 
The US imported $35.750 billion worth of textiles and garments from China, which accounted for 39.07 per cent share of all textile and garment imports made by the US in January-October 2014, the data showed.
 
Vietnam, India, Indonesia and Bangladesh were among the top five suppliers of textiles and garments to the US, with goods valued at $8.522 billion, $5.719 billion, $4.402 billion and $4.347 billion, respectively, during the ten-month period.
 
Segment-wise, the US apparel imports during January-October 2014 were worth $70.042 billion, whereas non-apparel imports contributed $21.583 billion.
 
In the apparel category, Vietnam stood out among the top five suppliers to the US as its exports increased by 15.60 per cent year-on-year to $7.932 billion, during the period under review.
 
While the US import of man-made fibre (MMF) apparel increased by 9.27 per cent year-on-year to $29.796 billion, and that of wool apparel by 10.14 per cent year-on-year to $3.491 billion, the import of cotton apparel declined by 2.21 per cent to $35.654 billion.
 
In the non-apparel category, among the top-ten suppliers, the import from Turkey and Italy shot up by 11.06 per cent year-on-year and 8.56 per cent respectively to $617.346 million and $496.337 million. On the other hand, imports from Canada dropped by 6.13 per cent to $663.601 million.
 
Of the total US textile and apparel imports of $91.625 billion during the ten-month period, cotton products accounted for $42.824 billion, while man-made fibre products were worth $42.749 billion, followed by $4.472 billion of wool products and $1.579 billion of products from silk and vegetable fibres.
 
In 2013, the US textile and apparel imports increased by 3.76 per cent year-on-year to $104.725 billion, with apparels alone accounting for $79.797 billion. (RKS)
 

Fibre2fashion News Desk - India


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