Monthly Textile and Apparel Imports Slide in February, but Caribbean Sees Big Gains
The Department of Commerce’s Office of Textiles and Apparel reports that monthly imports of cotton, wool, manmade fiber, silk blend and non-cotton vegetable fiber textile and apparel products totaled 4.54 billion square meter equivalents in February, down 1.5% from January but up 17.3% from a year earlier. Textile imports totaled 2.48 billion SME, a 2.4% drop from the previous month but up 17.6% year-on-year, while apparel imports of 2.07 billion SME were virtually unchanged from January but 17.0% higher than February 2012.
For the year-to-date as of February 2013 total imports of textiles and apparel were 9.15 billion SME, a 10.1% rise from the same period in 2012, as textile imports gained 9.9% to 5.02 billion SME and apparel imports were up 10.3% to 4.14 billion SME. For the 12-month period ending in February total imports were 2.7% higher at 54.9 billion SME as textile imports rose 3.8% to 30.8 billion SME and apparel imports moved ahead 1.4% to 24.1 billion SME.
With respect to specific sources, imports of textile and apparel products (except cotton and silk blend textiles) increased between January and February from China (0.9% to 2.19 billion SME), Mexico (0.4% to 185.1 million SME), the DR-CAFTA region (41.6% to 240.8 million SME), Caribbean Basin Initiative partners (28.9% to 23.2 million SME) and Turkey (1.0% to 49.7 million SME). Monthly imports declined from Vietnam (1.8% to 309.5 million SME), Hong Kong (32% to 5.1 million SME), South Korea (13.4% to 97.2 million SME), Canada (10.5% to 86.6 million SME), Association of Southeast Asian Nations partners (4.6% to 652.9 million SME), South Asia (8.8% to 664.0 million SME) and Israel (23.9% to 30.6 million SME).
Year-on-year textile and apparel imports increased in February from China (34.2%), Vietnam 36.4%), Hong Kong (11.5%), CBI (17.2%), ASEAN (15.6%), South Asia (4.2%), Turkey (9.2%) and Israel (8.6%) but decreased from Taiwan (11.3%), South Korea (7.8%), Canada (15.1%), Mexico (5.9%) and the DR-CAFTA region (1.9%).