Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Apparel Imports Drop by Double Digits in February

Join Sourcing Journal on March 13th HKT for Sourcing Summit Hong Kong for discussions on mending relationships between supply chain partners, remaking factories for smaller MOQs and faster turns, and creating resilience to survive the next inevitable crisis.

Total U.S. apparel imports plummeted in February, according to data released last week by the U.S. Census Bureau, continuing the steady decline that started nearly a year ago, and with sluggish demand and declining costs a major factor.

Total apparel imports fell by 13.3% in the month, to $6.9 billion on a CIF basis, underperforming the almost 1 percent increase in total U.S. goods and services imports, which hit $170.9 billion. On a 12-month smoothed basis, apparel imports fell by 6.7%.

Apparel exports fell by 4.4% to $429 billion. Total U.S. goods and services exports rose by 5 percent.


Related Articles

More from our brands

Access exclusive content Become a Member Today!