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US' textiles & apparel imports drop 13% to $17.5 bn in Jan-Feb 2023

10 Apr '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • US textile and apparel imports fell ***.**% to $******** billion in the first 2 months of 2023.
  • China remained the largest supplier, followed by Vietnam.
  • Both apparel and non-apparel imports declined, with several countries among the top ten suppliers experiencing downward trends.
  • Man-made fibre products accounted for the largest portion of imports.

In January-February ****, the bulk of US textile imports consisted of apparel, amounting to $**.*** billion, while non-apparel imports accounted for $*.*** billion, according to the latest Major Shippers Report released by the US department of commerce. Both segments experienced a decline in inbound shipments. Apparel imports dropped by **.** per cent compared to the $**.*** billion traded in January-February ****, while non-apparel imports fell by **.** per cent from $*.*** billion in the same period of the previous year. 

Among the top ten apparel suppliers to the US, imports from Nicaragua and Bangladesh increased by *.** per cent and *.** per cent year-on-year, respectively. Imports from India also saw a slight uptick of *.** per cent. However, imports from China and Cambodia declined by **.** per cent and **.** per cent, respectively. The other five nations among the top ten experienced a downward trend. 

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