Apparel Imports from Vietnam Top $1 Billion in July

U.S. apparel imports continued to gain steam in July, with Vietnam, India and Bangladesh benefiting most from the increase. For the first time ever, the value of apparel imported in a month from Vietnam exceeded $1 billion.

Total U.S. apparel imports (MFA) increased by 5 percent in the month on a dollar basis and by 7.1% on a square meter equivalent (SME) basis, according to data just released by OTEXA, the International Trade Administration’s Office of Textiles and Apparel, causing the year-to-date increases in the two measures to rise to 4.3% and 5.9%, respectively.

Apparel imports from China rose by 5.1% in July on a dollar basis and 7.8% on an SME basis as the country continued to ship lower cost apparel to the U.S. So far this year, imports from China have grown by 2.3% in dollars, around half the pace of total apparel imports, to $15.9 billion, causing China’s share of U.S. apparel imports to drop to 33.5% from 34.1% in the year-ago period, giving it the biggest share loss of any major trading partner.

Apparel imports from Vietnam increased in July by 12.7% year-over-year, exceeding $1 billion in a month for the first time. Though the number two source of U.S. apparel imports, imports from Vietnam have grown the fastest of any top trading partner, up 15 percent, giving it a 1.2-percentage-point share gain so far this year to 12.5% of total dollar imports of apparel, or $5.9 billion. If the Trans-Pacific Partnership (TPP) ends up passing, Vietnam’s continued rapid growth as a source of imported U.S. apparel could even accelerate.

Related Article
Apparel Trade Was Quiet in November

Growth in imports from Bangladesh slowed to 3.7% in July to $508 million, giving the country a 8.5% increase year to date, allowing it to edge out Indonesia as the third largest source of U.S. apparel imports, at 6.7% of the year-to-date total.

Apparel imports from India grew by 7.3% to $325 million in the month, bringing the year-to-date total to over $2.3 billion dollars, up 9.6% compared to the same period in 2014. India’s share of U.S. apparel has risen to 4.9% so far this year.

Though not among the top 10 trading partners, Sri Lanka has seen its imports to the U.S. increase by more than 16 percent so far this year, to $1.1 billion, and imports from Burma (Myanmar) have increased by more than 130 percent, to over $14.6 million.

Imports from Sub-Saharan Africa have declined by almost 3 percent so far this year, to $560 million. Kenya is the biggest trading partner in the region, at $213 million year-to-date.

Imports from Haiti have grown by over 12 percent in 2015, helped by the Haiti HOPE knit apparel program.

USApparelImportsbyCountryJuly 2015

USApparelImportsbyCountryShareChngJuly 2015

USApparelImportsbyCountryTableJuly 2015


Recent News

Trump Pledges a Quick Post-Brexit Trade Deal with the UK

Print PDFPrint PDFThe Times of London and Germany’s Bild newspapers conducted an exclusive interview with President-elect Donald Trump. During the conversation–which covered a range of topics including potentially lifting sanctions on Russia to get them to the table on a nuclear weapons deal and more...

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

ILO Highlights Vulnerabilities in Cambodia’s Apparel Industry

Cambodia’s apparel and footwear industries are flourishing. But that could change in light of several factors related to Brexit and the country’s overall economic growth, according to a bulletin by the International Labor Organization.

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

Cotton Inc Unveils Cotton-Blend Fabrics Powered by Cordura

Print PDFPrint PDF“The Fabric of Our Lives” is getting an upgrade. Cotton Incorporated, the research and promotion company of U.S. cotton growers and importers, and Invista’s Cordura brand have teamed up for the first time to create cotton-blend fabrics with Cordura’s performance benefits. The collaboration...

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