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Apparel and Footwear Imports Rise in December

Total US imports of goods and services fell in December, but apparel and footwear posted increases, according to recent information released by the Department of Commerce.

Apparel imports increased 6.7% compared to December 2011, to $6.4 billion. On a 12-month smoothed basis, however, apparel imports declined by over one percent.

For the year 2012, total apparel imports fell by .4%. During the year apparel imports from Vietnam increased, while those from China, India and Pakistan fell.

Dec Imports 1

Apparel exports fell by 1.8%, to $419 million. In 2012 there were significant increases in the total value of exports to Mexico, Canada, and Japan, but decreases to Honduras, the DR, and El Salvador. Total apparel exports rose 6.8% in 2012 compared to 2011.

Dec Imports 2

Footwear imports surged 21% in December compared to the year-ago month.  China continues to gain significant footwear share, and grew to comprise over 72% of all footwear imports last year. Vietnam was next with a more than 10% share, followed at a distance by Italy, with a 5% share. Exports dropped 10% to $62 million. The biggest U.S. export markets for footwear are Canada, South Korea and the Caribbean basin.

Dec Imports 3

 

 

 

Dec Imports 4

(US IMPORTS AND EXPORTS)
In $ Millions
International Trade Statistics

% Chg

2012

Dec

Nov

Dec

 

vs LY

vs 2011

2012

2012

2011

Total US Imports

-7.4

2.9

178,918

196,152

193,297

Total US Exports

3.1

4.4

131,805

131,555

127,862

Total US Deficit

-28.0

-0.3

47,113

64,597

65,435

Apparel Imports

6.7

-0.4

6,445

6,726

6,039

Apparel Exports

-1.8

6.8

419

474

427

Footwear Imports

21.0

5.4

1,871

1,643

1,546

Footwear Exports

-10.1

-1.0

62

73

69