US' imports of silk & veg fibre products grow 37% YoY in Jan-Nov 2022

Imports of textiles and apparel by the United States were mild during January-November 2022, while imports of silk and vegetable fibre products recorded an impressive growth in the same period. US’ imports of silk and veg fibre products grew by 37.39 per cent, which was double the growth rate of textiles and apparel imports during the period under review. 

The imports reached $2.565 billion during the first eleven months of 2022 from $1.867 billion during the same period of 2021. The US imported silk and veg fibre products worth $2.042 billion in 2021 which was $1.740 billion in 2020, according to the latest Major Shippers Report, released by the US department of commerce. 

China was the largest supplier of silk and veg fibre products to the US. It supplied these products worth $914.962 million in January-November 2022, an increase of 33.52 per cent from the shipment of $685.251 million during the corresponding period of 2021. China’s share in US’ total imports of silk and veg fibre products was 36.03 per cent in January-November 2022. 

India, Vietnam, Italy, and Bangladesh were among the top five supplier countries for the US. The inbound shipment from India was $276.989 million during the first eleven months of 2022 which was 44.13 per cent higher than the import of $192.174 million in the same period of 2021. India’s share was 10.73 per cent of the total supplies. The imports from Vietnam were at $248.461 million (9.43 per cent), Italy at $217.958 million (8.60 per cent) and Bangladesh at $136.003 million (5.22 per cent) during the period under review. 

Fibre2Fashion News Desk (KUL)