US apparel imports from Vietnam grow 14% in Jan-May

The imports of apparel by the United States from Vietnam grew at 14.14 per cent to $4.024 billion in January-May 2015 compared to imports of $3.525 billion made in the corresponding period of last year, according to the latest Major Shippers Report, released by the US Department of Commerce.

 

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The US apparel imports from China, the main supplier, increased marginally by 0.97 per cent year-on-year to $9.967 billion during the first five months of the current year, the data showed.

 

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Bangladesh, the world’s second largest garment exporter, saw its supplies to the US increase by 6.76 per cent year-on-year to $2.222 billion during the period under review.

 

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However, the US apparel imports from Indonesia, Mexico and Cambodia dropped by 1.55 per cent year-on-year, 0.18 per cent and 3.05 per cent to $2.078 billion, $1.467 billion and $1.007 billion, respectively, during the initial five months of 2015.

 

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Among the top ten apparel suppliers to the US, imports from Sri Lanka, India and Honduras increased by 14.27 per cent, 8.71 per cent and 5.59 per cent respectively to $849.448 million, $1.698 billion and $1.004 billion, according to the report.

 

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Overall, the US apparel imports grew slightly by 3.27 per cent to $31.758 billion during January-May 2015, compared to imports of $30.753 billion made during the corresponding period of last year.

 

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In 2014, US apparel imports registered around 2.5 per cent growth and they stood at $81.781 billion, as against imports of $79.797 billion made in 2013. (RKS)

 

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