US' apparel imports from Philippines jump 60% to $752 mn in 2 years

24 Apr '23

2 min read

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Insights

The US has seen a 60 per cent increase in its imports of apparel from the Philippines over the last two years.
In 2022, total inbound trade reached $752.152 million, representing a recovery from a drop in 2020.
However, the Philippines remains an insignificant supplier to the US, providing just 0.75 per cent of the total apparel imports by the US.

The US’ imports of apparel from the Philippines have increased by 60 per cent in the last two years. In 2022, the total inbound trade reached $752.152 million. This represents a recovery after a steep fall in 2020. However, the Philippines remains an insignificant supplier to the US, providing just 0.75 per cent share in the total apparel imports of the world's largest economy.

The US’ apparel imports from the Philippines increased to $752.152 million in 2022, up from $605.936 million in 2021 and $470.692 million in the previous year. This represents a 60 per cent increase over the past two years. In 2022, US imports jumped 24.29 per cent over the previous year's shipment, according to Fibre2Fashion's market insight tool TexPro.

It is important to note that the US’ apparel imports from the Philippines had slipped to $470.692 million during 2020, a 38.48 per cent drop due to COVID-related disruptions. In 2019, the trade was recorded at $764.051 million, and in 2018 it was $793.293 million. This shows that the trade had already been experiencing a downward trend before COVID-19.

The Philippines supplied just 0.75 per cent of the total apparel imports to the US in the last year. In 2022, the US imported apparel worth $100.278 billion, while its imports from the Philippines were $752.152 million, as per TexPro. The Philippines ranks 21^st among the largest markets from where US imports apparel.

Fibre2Fashion News Desk (KUL)

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This according to Fibre2Fashion's Market Intelligence Tool - TexPro