The US registered 5.12 per cent growth in its value-wise imports during January to February 2019 period as it imported apparel worth $ 14.22 billion as against $ 13.52 billion in the corresponding period of prior year. Interestingly, all major apparel exporting destinations China, Bangladesh, India and Vietnam registered an increase their exports to country except whose growth was the lowest among all.
Despite the fact that China exported apparels worth $ 4,532.57 million to the US and topped the list, growth was the least among other Asian countries. Buyers did not place huge quantities of orders to China’s apparel manufacturing units due to the fear of possible tariffs on Chinese exports to USA.
On the other hand Vietnam shipped $2,299.62 million worth of apparels to the US growing at 11.27 per cent yearly. Bangladesh and India exported apparels worth $1,038.56 million and $800.30 million respectively, with 10.96 per cent and 8.51 per cent growth on Y-o-Y basis.
