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US textile & apparel imports down 6.32% in Jan-Nov '16

11
Jan '17
The import of textiles and apparel by United States declined 6.32 per cent in the first eleven months of 2016 to $97.225 billion, compared to imports valued at $103.782 billion in the corresponding period of 2015. Imports from China alone were valued at $35.903 billion, accounting for 36.92 per cent share of all textile and garment imports made by the US in January-November 2016.
 
Vietnam, India, Bangladesh and Indonesia were the next four top suppliers of textiles and garments to the US, with goods valued at $10.498 billion, $6.711 billion, $5.113 billion and $4.578 billion, respectively, during the eleven-month period, according to the Major Shippers Report, released by the US department of commerce.
 
Segment-wise, the US apparel imports during January-November 2016 were valued at $74.965 billion, whereas non-apparel imports accounted for $22.260 billion, the data showed.
 
Among the top ten apparel suppliers to the US, only Vietnam was able to increase its exports by 2.16 per cent year-on-year. On the other hand, imports from Cambodia declined by 12.92 per cent, whereas China and Mexico saw their exports drop by 8.38 per cent and 5.38 per cent respectively, over the corresponding period of 2015.
 
In the non-apparel category, among the top ten suppliers, only Turkey registered a positive growth of 6.15 per cent year-on-year. While imports from Vietnam, China, Italy and Taiwan dropped by 27.45 per cent, 16.39 per cent, 11.70 per cent and 10.84 per cent to $489.875 million, $9.875 billion, $477.761 million and $433.881 million, respectively.
 
Of the total US textile and apparel imports of $97.225 billion during January-November 2016, cotton products were worth $43.022 billion, while man-made fibre products accounted for $48.391 billion, followed by $4.164 billion of wool products and $1.647 billion of products from silk and vegetable fibres.
 
In 2015, the US textile and apparel imports increased by 4.15 per cent year-on-year to $111.928 billion, with apparel alone accounting for $85.164 billion. (RKS)

Fibre2Fashion News Desk – India


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