US importing more apparel from ASEAN; value over $24 bn by Sept

10 Dec '22

1 min read

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The value of US apparel imports from the ASEAN countries is steadily increasing and by September this year it surpassed the last year’s shipment figure. The value of import during January-September 2022 stood at $24.455 billion compared to $23.958 billion in calendar year 2021, which could be an indication of shift in apparel sourcing from China.

Cambodia, Vietnam, Thailand, Indonesia, and Malaysia are major apparel exporters among ASEAN countries.

The US apparel import from ASEAN countries was $20.464 billion in 2017, which increased to $21.473 billion in 2018 and further to $23.033 billion in 2019. However, it slipped to $21.126 billion during the COVID year 2020, according to data from Fibre2Fashion’s market insight tool TexPro.

On a quarterly basis, the US apparel import from ASEAN nations crossed the $8-billion mark for the first time in July-September 2022. The value was $5.488 billion in Q2 2021, $6.524 billion in Q3 2021, and $6.341 billion in Q4, 2021. This year, the figure jumped to $7.583 billion in Q1, $7.996 billion in Q2, and $8.875 billion in Q3, as per TexPro.

In terms of monthly imports, the value breached the $3-billion mark in August and September this year.

Fibre2Fashion News Desk (KUL)

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