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Vietnam exports to US soar, while China and Bangladesh suffer

The latest figures from the Department of Commerce's Office of Textiles and Apparel (OTEXA) show the volume of US apparel imports in February fell 4.2 per cent to 1.98 billion sq. mt. equivalents (SME). This is lower than both the 2.07 billion SME booked last year and the 2.14 billion SME in January. The numbers also contrast starkly with the 0.4 per cent rise in imports of all goods and services into the US during the month.

 

Of the top 10 US apparel supply countries, five saw their imports fall. By far the biggest decline was booked by the largest supplier, China, whose shipments were down 12 per cent to 754 million SME during the month. Bangladesh, at number three, witnessed a drop of 10.2 per cent to 136 million SME, and Indonesia (number four) slipped by 4.6 per cent to 109 million SME.

 

While Vietnam, which ranked as the fastest-growing apparel supplier to the US last year, continued to gain as both producers and buyers diversify their supply chains. Its February imports were up 6.5 per cent year-on-year to 225 million SME, with the positive turnaround in apparel business owing to the benefits of the proposed Trans-Pacific Partnership (TPP) trade treaty with countries including Canada and the US

 

Other countries like Honduras, Cambodia, Mexico, and India gained from a rise in shipments to the US. However, exports from El Salvador and Pakistan witnessed a sharp decline. Among the most important regional supply groups, ASEAN rose just 0.1 per cent while South Asia fell 1.6 per cent.

 

 

Otexa.ita.doc.gov

 
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