Textile & apparel imports from China fall steeply in Nov 2005
13 Jan '06
2 min read
US imports of Chinese textiles and apparels have registered a drastic fall in November 2005 as compared to October last year as major import categories took beating as US Government statistical data reveals.
After the ending of quotas beginning January 1, 2005, there was major anxiety over Chinese textile products flooding US markets causing furor and divide among US textile importers and exporters to impose sanctions.
Textile and apparel imports from China were down to $1,739,435,000 during November 2005; a 25.20 percent decline over that recorded in October 2005 at $2,324,125,000.
Men's, boys and women's apparel including innerwear, t-shirts, outerwear, neckwear, gloves & mittens among others took heavy beating as imports sharply decreased.
Major decline was recorded for men's and boys' underwear and nightwear (-54.7 percent), men's and boys' other outerwear and women's and girls' lingerie (near identical -47 percent), men's and boys neckwear (-38.7 percent).
However, categories that registered highest gains were hosiery and socks (a stupendous 1414.30 percent rise), tire cords and tire fabrics (41 percent), yarns (30 percent), textile and fabric finishing mill products (29 percent) and nonwoven fabrics (22.70 percent)
But, more reassuring is the year to date figure for China in 2005 that stands at $24,416,149,000, a 44.60 percent rise over previous year's (2004) $16,881,593,000.
The overall difference of Chinese textile and apparel imports in November compared to October, 2005, in value terms showed a decline of $584,690,000. Click to view US Imports Of Chinese Textiles & Apparel.
marketing@alchempro.com
