As per the latest data from the CCF Group, textile and apparel imports by the United States increased by 34.4 per cent Y-o-Y to $10.99 billion in April 2022. The imports volume in increased by 65.2 per cent Y-o-Y to 10.18 billion sq m. The value of US apparel imports rose by 43.2 per cent Y-o-Y to $8.12 billion while the imports volume increased by 29.7 per cent Y-o-Y to 2.68 billion sq m.
The volume of textile and apparel imports volume from China increased by 15.6 per cent Y-o-Y in April 2022 to 2.8 billion sq m while the value increased by 27 per cent Y-o-Y to $2.27 billion. The value of apparel imports from China increased by 38.9 per cent Y-o-Y to $1.36 billion while the value increased by 28.4 per cent Y-o-Y to 710 million sq m.
From the monthly data, the US textile and apparel imports from China declined by 21.2 per cent in April compared to Mar. In addition, China’s share in US textile and apparel imports shrank from 42.5 per cent in 2021 to 32.2 per cent in 2022, and the shares of Turkey, Malaysia and Bangladesh all increased.