Home / Knowledge / News / Textiles / Textile trade deficit drops in Q1
Textile trade deficit drops in Q1
14
Jun '08
March textile imports, at 1.3 billion (raw-fiber equivalent) pounds, dropped 8 percent from February and were 12 percent below a year earlier. Lower shipments occurred for all major fibers and all major end-uses compared with a month earlier.

Cotton imports (759 million pounds) accounted for 58 percent of the total and were 7 percent below imports in February. U.S. imports from Asia fell 10 percent to 517 million pounds—68 percent of the total. Imports from other North American countries also declined in March to 185 million pounds—24 percent of total cotton textile and apparel shipments to the United States.

Conversely, U.S. textile exports, at 335 million pounds, were up slightly (less than 1 million pounds) from a month earlier but were 10 percent below March 2007. Textile exports expanded for all major fibers, except cotton, compared with February 2008.

Shipments of apparel and home furnishings also increased from the previous month. Other North American countries were the dominant markets for the United States; Honduras and Mexico continue as leading markets, receiving 40 and 23 percent, respectively, of the region's shipments.

Overall, the textile trade deficit during January to March of 2008 declined 7 percent (236 million pounds) from 2007 to 3.3 billion pounds; the cotton deficit also declined 7 percent (134 million pounds) to 1.9 billion and accounted for 57 percent of the decrease. For 2008, cotton has accounted for 59 percent of the total deficit, the same share as in 2007.

Cotton Council International

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search