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Apparel Imports Fall Slightly in January, Footwear Continues to Gain Momentum

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Total imports of apparel declined slightly in January, according to data just released by the U.S. Department of Commerce.

Apparel imports (CIF) fell by 0.6% compared to January 2012, to $7.6 billion, compared to a slight increase in imports of all goods and services in the month.

On a 12-month smoothed basis, apparel imports declined by over one-percent, its sixth consecutive month of decline, as sluggish apparel demand and widespread price promotions continued to depress the category.

 

 

Apparel exports gained 2.3%, to $435 million. There were increases in the total value of exports to Mexico, Canada, and Japan, but decreases to Honduras, the DR, and El Salvador.

Footwear imports gained 10% – less than half December’s 21% surge, but an indication of continued strong demand.  On a 12-month smoothed basis, footwear imports gained almost 7%, their sixth straight month of accelerating growth.

China is the biggest source of U.S. footwear, representing 72% of footwear imports in the month. Vietnam was next with a more than 11% share, followed at a distance by Indonesia at 5%. Indonesia has bumped Italy from the number three spot in the past year.

Footwear exports dropped by 1.7%, to $58 million. The biggest U.S. export markets for footwear are Canada, at 19% of footwear exports in January and South Korea (18%).

US IMPORTS AND EXPORTS
In $ Millions

% Chg

Jan

Dec

Jan

 

vs LY

2013

2012

2012

Total US Imports

0.7

186,970

179,064

185,622

Total US Exports

4.3

124,738

132,060

119,566

Total US Deficit

-5.8

62,232

47,004

66,056

Apparel Imports

-0.6

7,603

6,445

7,647

Apparel Exports

2.3

435

419

425

Footwear Imports

10.0

2,453

1,871

2,230

Footwear Exports

-1.7

58

62

59

 

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