US Apparel Imports Rebound in January

apparel store pixabay

Total U.S. apparel import growth swung back into positive territory in January, according to data released last week by the U.S. Census Bureau, after turning in the first annual decline in 2016 in the category in the past four years.

Apparel imports rose by 4.8% in the first month of 2017, to $7.9 billion on a CIF basis, underperforming the 12 percent increase in total U.S. goods and services imports, which hit $187.6 billion in January.

On a 12-month smoothed basis, apparel imports fell by 5.5%, their smallest decrease in five months.

Apparel exports fell by 2% to almost $429 billion. Total U.S. goods and services exports rose by 9.1%.

 

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