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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search