Cambodia, Vietnam, Thailand, Indonesia, and Malaysia are major apparel exporters among ASEAN countries.
The US apparel import from ASEAN countries was $20.464 billion in 2017, which increased to $21.473 billion in 2018 and further to $23.033 billion in 2019. However, it slipped to $21.126 billion during the COVID year 2020, according to data from Fibre2Fashion’s market insight tool TexPro.
On a quarterly basis, the US apparel import from ASEAN nations crossed the $8-billion mark for the first time in July-September 2022. The value was $5.488 billion in Q2 2021, $6.524 billion in Q3 2021, and $6.341 billion in Q4, 2021. This year, the figure jumped to $7.583 billion in Q1, $7.996 billion in Q2, and $8.875 billion in Q3, as per TexPro.
In terms of monthly imports, the value breached the $3-billion mark in August and September this year.
ALCHEMPro News Desk (KUL)
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