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

Vietnam Erodes South Asia’s Share of US Apparel Imports

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.

Vietnam gained 0.7 percentage points of total US apparel import share in the first ten months of 2012, growing its share faster than did China, which has gained only 0.1 percentage points. Vietnam’s share increased to 9.3% of total year-to-date apparel imports, making it the second largest trading partner in the category.
China’s year-to-date share grew to over 37.5%, driven by significant year-to-date increases in the amount of women’s man-made fiber dresses, blouses and tops. These were offset by sizable drops in women’s cotton apparel.
Shipments have increased from Vietnam of women’s man-made fiber dresses and tops. There have been steep drops in imports of cotton apparel from Vietnam as well. South Asian countries India and Pakistan have suffered the biggest share losses so far this year, also due to the trend away from cotton.
Imports from the Caribbean (CBI) have remained a stable 11% of US apparel imports. El Salvador’s share has grown as that of Honduras and others have slipped.

oct imports 1 oct imports 2

Apparel Imports: YTD 2012
MM Dollars and Units
 

Dollars

SME

% Chg

% Chg

% Chg

Millions

Millions

Dollars

SME

$/SME
World

65,394

20,101

-1.8

-2.0

0.2

China

24,857

8,421

-1.5

0.9

-2.4

Vietnam

6,060

1,812

6.7

5.6

1.0

Bangladesh

3,844

1,303

-2.1

-3.4

1.3

Indonesia

4,205

1,067

-3.0

-5.0

2.0

Cambodia

2,165

889

-1.1

1.7

-2.7

India

2,614

719

-7.3

-9.3

2.3

Honduras

2,127

933

-4.1

-7.9

4.2

Mexico

3,150

769

-1.7

-4.7

3.1

Pakistan

1,243

490

-13.9

-9.1

-5.2

El Salvador

1,550

664

5.4

-0.4

5.9

Rest of world

13,579

3,034

-3.4

-7.7

4.6

  CBI

7,174

2,657

-1.8

-5.3

3.8

  CAFTA – DR

6,564

2,434

-1.9

-5.1

3.4

  South Asia

8,942

2,790

-5.8

-6.0

0.2

  ASEAN

14,750

4,435

0.0

-1.0

1.1

  OECD

2,358

213

2.4

-1.8

4.4

 

Tags

Related Articles

More from our brands

Access exclusive content Become a Member Today!