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China Gains Back Share of US Apparel Imports in August

U.S. apparel import growth accelerated in August, according to data just released by OTEXA, the International Trade Administration’s Office of Textiles and Apparel, bringing the year-to-date total to $56.6 billion (MFA), 5 percent higher than the year-ago period. On a square meter equivalent (SME) basis, imports rose by 7 percent.

Vietnam, India and Bangladesh continued to benefit most, growing their imports at faster-than-average rates so far this year.

China made up some lost ground in August, however. Apparel imports from China rose by 15.7% in the month on a dollar basis and 19.5% on an SME basis, resulting in a year-to-date increase of 4.7% in dollars and 8.3% in SMEs. So far this year, China’s share of the dollar value of U.S. apparel imports has dropped by only 0.1% compared to last year, to 35 percent, preserving its position as the largest apparel trading partner of the U.S. by far.

Apparel imports from Vietnam increased in August by 20.3% year-over-year, to $1.1 billion. For the second month in a row, the value of apparel imported in the month from Vietnam exceeded $1 billion. Though the number two source of U.S. apparel imports, imports from Vietnam have grown the fastest of any top trading partner, up 15.7% so far in 2015, giving it a 1.2-percentage-point share gain so far this year to 12.4% of total dollar imports of apparel, or $7 billion. With the Trans-Pacific Partnership (TPP) looking more likely than ever, Vietnam’s continued rapid growth as a source of imported U.S. apparel could even accelerate.

Imports from Bangladesh fell by 0.2% in August to $488 million, reducing the country’s year-to-date increase to 7.3% increase year to date, though it still beats Indonesia as the third largest source of U.S. apparel imports, at 6.5% of the year-to-date total.

Apparel imports from India grew by 4.8% to $283 million in the month, bringing the year-to-date total to over $2.6 billion dollars, up 9.1% compared to the same period in 2014. India’s share of U.S. apparel has risen to 4.6% so far this year.

Aug 2015 ApparelImportByCountryPieChart


Aug 2015 ApparelImportSharebyCountry

Aug 2015 ApparelImportsByCountryTable