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Cotton textile trade deficit falls in June

17
Sep '08
U.S. textile imports rose during June 2008 to 1.6 billion (raw-fiber equivalent) pounds, 5 percent above May but 9 percent below June 2007. Imports of cotton, wool, and manmade fibers increased in June compared with a month earlier. For major end-use categories, apparel imports accounted for all of the increased shipments.

Apparel imports in June were higher for all major fibers, except silk. Cotton imports, at 907 million pounds, accounted for 58 percent of the total. Imports of cotton products rose 5 percent from May, but were 8 percent below a year ago. Imports from Asia accounted for 70 percent of the June total while shipments from other North American countries provided another 24 percent.

U.S. textile exports in June, at 352 million pounds, were slightly below a month earlier and 3 percent below June 2007. The monthly export decline was entirely from manmade fiber shipments. By end-use category, shipments of apparel, floor coverings, and yarn, thread, and fabric were below May 2008.

Cotton textile exports, at 173 million pounds, were slightly above the previous month, but 3 percent below a year earlier. Cotton shipments accounted for 49 percent of total exports. U.S. cotton textile exports, for the most part, are sent to other North American countries, and 91 percent of the total was sent to this region in June.

Overall, the U.S. textile trade deficit for the first half of 2008 reached 6.6 billion pounds, 7 percent lower than in the first half of 2007. The cotton textile trade deficit, at 3.9 billion pounds, fell 6 percent from January-June 2007. Cotton's share of the total trade deficit was 59 percent, the same share as during the first 6 months of 2007.

Cotton Council International / USDA


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