US Apparel Imports Break $10 Billion Mark in August

U.S. apparel imports continued to soar in August, reaching a record high for the second straight month and topping $10 billion for the first time ever, according to Commerce Department data released last week.

Total apparel imports rose by 8.7% over August 2014, to $10.1 billion on a CIF basis.

With retail apparel sales growing at between 1 and 2 percent this year, the data are evidence that imports continue to gain share from domestically-produced apparel despite the prevailing folklore that U.S.-made clothing is a growing trend.

The apparel import increase contrasted sharply with total U.S. imports in the month, which fell by 3.1% to $192 billion despite the purchasing power of the stronger U.S. dollar.

appimp

On a 12-month smoothed basis, which corrects for volatility of data in a particular month, apparel import growth was 5.6% in August, its biggest monthly jump in almost four years.

appimpgrth

China, Vietnam, Bangladesh, Indonesia and India are the top five sources of U.S. imported apparel so far this year.

Apparel exports outperformed the total export market as well, falling by 7.5% compared to last August, to $522 million, while total U.S. exports of goods and services plunged by 10.5%. On a 12-month smoothed basis, apparel exports increased by 2 percent, their smallest monthly increase in almost two years.

appexp

impexptable


Recent News

These are the 10 Retailers Most Likely to Go Under Next

The number of retailers that have thrown in the towel through early April 2017, falls just short of the total number of stores that folded throughout all of 2016. And the number of bankruptcies is likely to increase—potentially threatening businesses in related industries as a result.

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

Study Reveals Inside Scoop on Amazon Marketplace and Why Its Sellers are Keeping Their Options Open

Despite its command of the e-commerce space, most Amazon sellers are still trying to diversify their options, and many, it seems, may be turning to Walmart.

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

J.Crew Slashes 250 Jobs, Reorganizes Management Team

Less than one month after the exit of president, executive creative director and long-time muse Jenna Lyons, contemporary fashion retailer J.Crew Group announced today that it is undergoing strategic changes, which include trimming its ranks.

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

From Marketing Ploy to Mainstream Players, Sustainable Fabrics Come Into Their Own

Once the purview of independent designers, “green” textiles are no longer relegated to the sidelines; they're now reshaping traditional supply chains and closets.

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