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US’ apparels imports rise to $79.3 billion in 2023; Asia remains major supplier: USTIC

 

In 2023, the world’s largest single-country apparel importer, the United States, imported apparels worth $79.3 billion, primarily from Asia, according to a recent report from the US International Trade Commission (USITC). Released by the US trade representative, this report highlights the export competitiveness of key apparel suppliers to the US market.

Bangladesh, Cambodia, India, Indonesia, and Pakistan were among the top 10 apparel exporters to the US in 2023, collectively accounting for 27 per cent of the country’s total apparel imports during the year.  These countries are also significant players in the global apparel market.

Between 2013 and 2023, the market shares of major US apparel suppliers witnessed notable shifts. China remained the largest exporter to the US although its share of exports decreased. On the other hand, the share of countries like Vietnam, Bangladesh, Cambodia, and Pakistan increased.

The world’s second-largest apparel exporter, Bangladesh has a strong competitive advantage due to its ability to fulfill large orders of basic garments at low cost, driven by low labor and input costs, as well as duty-free access to major markets outside the US.

Primarily focused on cut, make, and trim production, Cambodia’s apparel sector benefits from foreign direct investment and imports of upstream materials. The country’s growing reputation as a socially responsible manufacturing hub makes it an attractive alternative to China.

India’s apparel industry stands out for its quality and intricate detailing, supported by a vertically integrated production system, further enhancing its competitiveness.

Though a higher-cost source, Indonesia excels in producing high-value, complex garments, such as business attire, outdoor apparel, and athletic wear, adding to its appeal in the global market.

Pakistan’s apparel industry benefits from a robust cotton sector, particularly in high-quality denim production. Its competitive strengths include vertical integration and access to domestic cotton; however, geopolitical concerns remain a challenge for international buyers.

 

 
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