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

Apparel Imports Rose Only Slightly in October

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Total US imports of goods and services surged to a new record in October, but apparel enjoyed only a slight benefit from the increase.
Apparel imports rose 1% in October compared to the same month last year, to $8.3 billion. However, on a 12-month smoothed basis, apparel imports declined 2%. Apparel imports from Vietnam have increased this year, while those from China, India and Pakistan have fallen.

imports oct 1Apparel exports rose by 1.7%, to $492 million. There have been big year-to-date increases in the total value of exports to Mexico, Canada, and Japan, but decreases to Honduras, the DR, and El Salvador. imports oct 2Footwear trade picked up again in October compared to the year-ago period. Imports surged 9% to $2.1 billion. China continues to gain significant footwear share, and on a year-to-date basis comprises over 72% of all footwear imports. Vietnam was next with a 10% share, followed at a distance by Italy, with a 45 share. Exports jumped 4% to $78 million. Our biggest export markets for footwear are Canada and South Korea. imports oct 3 imports oct 4

Total US imports of goods and services was a record $200.7 billion, a 6.5% increase from October 2011. While there was an increase in imports of industrial supplies and materials, there were decreases in imports of automobiles, foods and beverages, and capital goods.

Total exports increased by 5.7%, to $135.2 billion, led by jumps in consumer goods, automobiles and automotive products, capital goods, and foods and beverages.

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

% Chg

Oct

Sep

Oct

 

vs LY

2012

2012

2011

Total US Imports

6.5

200,678

188,134

188,446

Total US Exports

5.7

135,196

129,667

127,920

Total US Deficit

8.2

65,482

58,467

60,526

Apparel Imports

1.0

8,319

8,302

8,237

Apparel Exports

1.7

492

489

484

Apparel Deficit

0.9

7,826

7,814

7,753

Textile Imports

1.2

2,109

2,028

2,083

Textile Exports

-6.2

1,052

1,057

1,122

Textile Deficit

10.0

1,057

971

961

App & Text as % of Tot Def

13.6

15.0

14.4

 
Footwear Imports

9.0

2,110

2,102

1,936

Footwear Exports

4.0

78

76

75

 

Tags

Related Articles

More from our brands

Access exclusive content Become a Member Today!