Monthly Textile and Apparel Imports See Healthy Gain, Led by Southeast Asia and Caribbean
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 4.8 billion square meter equivalents in May, up 3.3% from a year earlier. Textile imports totaled 2.84 billion SME, up 0.4%, while apparel imports of 1.96 billion SME were 7.6% higher.
For the year-to-date as of May 2013 total imports of textiles and apparel were 22.1 billion SME, a 3.8% rise from the same period in 2012, as textile imports climbed 1.6% to 12.5 billion SME and apparel imports were up 6.8% to 9.63 billion SME. For the 12-month period ending in May total imports were 2.4% higher at 54.9 billion SME as textile imports rose 1.5% to 30.6 billion SME and apparel imports moved ahead 3.5% to 24.3 billion SME.
With respect to specific sources, imports of textile and apparel products (except cotton and silk blend textiles) saw year-on-year increases in May from China (4.0% to 2.28 billion SME), Vietnam (20.2% to 307.6 million SME), Taiwan (2.2% to 66.7 million SME), the DR-CAFTA region (7.8% to 290.4 million SME), Caribbean Basin Initiative partners (17.6% to 29.1 million SME), Association of Southeast Asian Nations member countries (12.9% to 624.0 million SME) and South Asia (0.6% to 711.8 million SME). Imports declined from Hong Kong (31.7% to 4.9 million SME), South Korea (5.2% to 121.2 million SME), Canada (12.7% to 95.5 million SME), Mexico (4.4% to 211.6 million SME), Turkey (21.5% to 44.0 million SME) and Israel (4.5% to 39.9 million SME).