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US textiles & apparel imports down 27.85% in Jan-July 2020

02 Oct '20
2 min read
Pic: Shutterstock
Pic: Shutterstock

The import of textiles and apparel by the United States decreased by 27.85 per cent to $46.784 billion in the first seven months of 2020, compared to imports valued at $64.846 billion in January-July 2019. With 29.41 per cent share, China was the largest supplier of textiles and clothing to the US during the seven-month period, followed by Vietnam with 14.51 per cent share.
 
Apparel constituted the bulk of the textiles and garments imports made by the US during the initial seven months of this year, and were valued at $33.876 billion, while non-apparel imports accounted for the remaining $12.908 billion, according to the latest Major Shippers Report, released by the US department of commerce.
 
Segment-wise, among the top ten apparel suppliers to the US, imports from Cambodia showed growth of 6.13 per cent year-on-year. On the other hand, imports from China, Honduras, Mexico and India registered a sharp decline of 49.34 per cent, 47.01 per cent, 36.03 per cent and 33.28 per cent respectively compared to the same period of the previous year.
 
In the non-apparel category, among the top ten suppliers, imports from Cambodia and Turkey shot up by 38.18 per cent and 6.37 per cent, respectively. On the other hand, imports from China and Italy were down by 28.66 per cent and 26.10 per cent respectively to $4.786 billion and $264.912 million.
 
Of the total US textile and apparel imports of $46.784 billion during the period under review, cotton products were worth $19.660 billion, while man-made fibre products accounted for $24.756 billion, followed by $1.186 billion of wool products and $1.181 billion of products from silk and vegetable fibres.
 
In 2019, the US textile and apparel imports had increased by just 0.28 per cent year-on-year to $111.208 billion, with apparel alone accounting for $83.806 billion.

Fibre2Fashion News Desk (RKS)

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