U.S. apparel imports dropped in November, further evidence of the declining consumer demand that has retailers and brands curtailing their orders from overseas factories.
Vietnam continued to gain share of U.S. apparel imports in November, as the Southeast Asian country remained on track for another record year of apparel shipments to the U.S.
Vietnam continued to gain share of U.S. apparel imports in October, putting the country on track for another record year in 2016. But Bangladesh and India have also made inroads, with all gaining at the expense of China.
U.S. apparel imports continued to decline in October, furthering a months-long trend that doesn’t show signs of letting up and setting the stage for the first full-year drop in apparel imports since 2009.
Regardless of TPP's future, Vietnam continues to strengthen its hold on the U.S. apparel market. Though still the number two source after China, it has gained the most share of any top 10 apparel trading partners, and is on track to ship a record amount of apparel to the U.S. this year.
Much of the recent talk about the uncertain future of trade policy under the next administration has failed to mention the already-soft state of U.S. trade in soft goods.Read more
The United States imported less textiles and apparel in August and the decline has grown steeper.Read More
The United States imported more apparel in May after April’s decline.Read More
Though U.S. apparel imports inched up in April, demand is weak and growth is muted.Read More
U.S. apparel imports declined in the first quarter, with many retailers curtailing orders after disappointing holiday results that continue to cast a pall over the industry.Read More