February Import Figures Show Continued Shift from China to Vietnam

Print Friendly, PDF & Email

clothing trademark

U.S. apparel imports fell sharply in the first two months of 2017, according to data released last week by OTEXA, the International Trade Administration’s Office of Textiles and Apparel. Total apparel imports declined by 4.5% on an MFA basis in the month, to $13.1 billion from $13.7 billion in the year-earlier period.

On a square meter equivalent (SME) basis, imports edged down by 1 percent, continuing the trend toward cheaper goods. The average cost per unit of an imported garment fell by 3.5%.

Vietnam, Nicaragua and Mexico were the only top trading partners to grow their apparel exports to the U.S. on a dollar basis. As a result, all three grew their share.

Despite the demise of TPP, Vietnam’s apparel shipments to the U.S. continue to increase. In the January to February period, it rose by 4 percent, to almost 15 percent of total U.S. apparel imports, a 1.2 percentage point gain.

China and Cambodia saw the biggest percentage declines in apparel exports to the U.S. China lost the most share of U.S. apparel imports in the period, down 1.5 percentage points to 33.4%. El Salvador also saw a significant drop in apparel shipments to the U.S.

Bangladesh, El Salvador and China lost the most share in the period.

Apparel imports from China increased by 4.6% in January to $2.5 billion.


Recent News

Retail Store Traffic May be Starting to Pick Up

Consumer interest in brick and mortar shopping seems to be picking up, or at least declining at a slower rate, according to the most recent store foot traffic data released by analytics firm Retail Next. It may be a glimmer of hope for physical retailers amid the……...

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

Trump Risks Trade Escalation with China over IP

President Trump has taken a first step toward calling out China for alleged intellectual property rights violations—which could also end up being the first shot in an all out trade war.

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

Financial Roundup: Foot Traffic Drives TJX While Conversions Fuel Coach

TJX continues to defy the retail apocalypse, luring shoppers and boosting sales with its treasure hunt format, while Coach, Inc., is reinvigorating its consumer base by controlling its distribution and developing product that speaks to them.

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