During the first eight months of 2024, apparel imports, which make up the bulk of US textile imports, fell by 4.11 per cent to $51.302 billion, down from $53.498 billion in the same period in 2023. However, non-apparel imports increased by 4.42 per cent to $18.603 billion, according to the US Department of Commerce’s Major Shippers Report.
Among the top 10 apparel suppliers, Cambodia and Pakistan saw increases of up to 3.89 per cent during this period. Imports from Cambodia grew by 3.89 per cent, while Pakistan saw a rise of 1.06 per cent. In contrast, imports from China dropped by 2.98 per cent, Vietnam by 1.06 per cent, Bangladesh by 9.16 per cent, India by 1.47 per cent, Indonesia by 7.16 per cent, Mexico by 10.07 per cent, Honduras by 4.95 per cent, and Italy by 1.71 per cent.
In the non-apparel sector, imports increased by 10.30 per cent from China, 7.58 per cent from Turkiye, 16.55 per cent from Vietnam, 5.36 per cent from India, and 8.12 per cent from Cambodia. Meanwhile, shipments from Mexico to the US decreased by 7.11 per cent, with additional declines from Italy, Canada, Pakistan, and South Korea.
During the review period, total US textile and apparel imports stood at $69.905 billion. Man-made fibre products dominated imports, amounting to $36.227 billion, followed by cotton products at $28.869 billion, wool products at $2.555 billion, and silk and vegetable fibre products at $2.252 billion.
In 2023, the US imported textiles and apparel worth $104.959 billion, marking a 20.51 per cent decrease from 2022. Apparel imports dropped by 22.05 per cent to $77.840 billion, while non-apparel imports declined by 15.73 per cent to $27.119 billion. In 2022, US textile and apparel imports had increased to $132.201 billion, up from $113.938 billion in 2021, following a sharp decline in 2020 when imports fell to $89.596 billion, compared to $111.033 billion in 2019.
ALCHEMPro News Desk (KUL)
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