Apparel Imports Drop by Double Digits in February

Print Friendly, PDF & Email

Total U.S. apparel imports plummeted in February, according to data released last week by the U.S. Census Bureau, continuing the steady decline that started nearly a year ago, and with sluggish demand and declining costs a major factor.

Total apparel imports fell by 13.3% in the month, to $6.9 billion on a CIF basis, underperforming the almost 1 percent increase in total U.S. goods and services imports, which hit $170.9 billion. On a 12-month smoothed basis, apparel imports fell by 6.7%.

Apparel exports fell by 4.4% to $429 billion. Total U.S. goods and services exports rose by 5 percent.

 


Recent News

Trump Says US Will “Probably” End Up Terminating NAFTA

Despite a subdued trilateral statement from the three nations renegotiating NAFTA and a seeming commitment to move forward with a deal, President Trump has returned to talk of killing the free trade agreement altogether.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more