Interviews
Textile trade up in May
18 Aug '08
2 min read
May 2008 textile imports, at 1.5 billion pounds, rose 8 percent from April, but were 6 percent below a year ago. Imports of all fibers, except silk, were above shipments in April.
Imports of all major end-use categories increased in May with apparel shipments up 8 percent (69 million pounds), compared with a month earlier.
Cotton textile imports, at 844 million pounds, were 10 percent above April but 5 percent below May 2007. Cotton imports from Asia rose to 598 million pounds, with China accounting for 37 percent of the region's total shipments.
Textile exports increased in May to 353 million pounds, up 2 percent from April but 3 percent below the 2007 level. Exports of all fibers, except silk, and all major enduse categories, except home furnishings, increased from April levels.
Cotton textile exports, at 173 million pounds, were 1 percent above April but 5 percent below May 2007. U.S. cotton textile exports to other North American countries, at 157 million pounds, were 1 percent above April and accounted for 91 percent of total shipments in May.
Overall, the May 2008 textile trade deficit was 1.1 billion pounds with cotton accounting for 59 percent of the total. The May deficit was 83 million pounds below a year earlier. Similarly, the deficit for the first 5 months of 2008 was 5.4 billion pounds, compared with 5.8 billion in 2007.
The cotton deficit, at 3.2 billion pounds, fell 6 percent during January-May compared with the corresponding period in 2007. The trade deficit also declined for manmade fibers, silk, and linen while expanding slightly for wool.
Imports of all major end-use categories increased in May with apparel shipments up 8 percent (69 million pounds), compared with a month earlier.
Cotton textile imports, at 844 million pounds, were 10 percent above April but 5 percent below May 2007. Cotton imports from Asia rose to 598 million pounds, with China accounting for 37 percent of the region's total shipments.
Textile exports increased in May to 353 million pounds, up 2 percent from April but 3 percent below the 2007 level. Exports of all fibers, except silk, and all major enduse categories, except home furnishings, increased from April levels.
Cotton textile exports, at 173 million pounds, were 1 percent above April but 5 percent below May 2007. U.S. cotton textile exports to other North American countries, at 157 million pounds, were 1 percent above April and accounted for 91 percent of total shipments in May.
Overall, the May 2008 textile trade deficit was 1.1 billion pounds with cotton accounting for 59 percent of the total. The May deficit was 83 million pounds below a year earlier. Similarly, the deficit for the first 5 months of 2008 was 5.4 billion pounds, compared with 5.8 billion in 2007.
The cotton deficit, at 3.2 billion pounds, fell 6 percent during January-May compared with the corresponding period in 2007. The trade deficit also declined for manmade fibers, silk, and linen while expanding slightly for wool.
U.S. Department of Agriculture
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