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Apparel Imports Slow in January but Vietnam Continues to Gain Ground

U.S. apparel import growth slowed in January, according to data just released by OTEXA, the International Trade Administration’s Office of Textiles and Apparel.

Total apparel imports increased by 1.6% in dollar terms compared to January 2015, to $6.6 billion, trailing December’s increase rate of 4.1%.

On a square meter equivalent (SME) basis, imports rose by 6.5%, indicating a shift toward cheaper goods compared to last year. The cost per SME of apparel imports in January fell by 4.6%.

Read more at Sourcing Journal.