Textile and Apparel Imports Up Again in August as Shipments from Asia Soar
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 5.39 billion square meter equivalents in August, up 1.9% from July and 7.0% compared to August 2012. Textile imports totaled 2.95 billion SME, up 3.9% for the month and 8.3% from the previous year, while apparel imports of 2.44 billion SME were virtually unchanged from July but up 5.5% from a year earlier.
For the year-to-date as of August 2013 total imports of textiles and apparel were 37.5 billion SME, a 3.8% rise from the same period in 2012, as textile imports climbed 2.2% to 21.0 billion SME and apparel imports were up 5.5% to 16.5 billion SME. For the 12-month period ending in August total imports were 3.2% higher at 55.4 billion SME as textile imports rose 1.6% to 30.8 billion SME and apparel imports moved ahead 5.3% to 24.6 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 August from China (10.4% to 2.8 billion SME), Vietnam (16.0% to 309.8 million SME), Taiwan (17.5% to 84.2 million SME), Hong Kong (54.2% to 6.9 million SME), South Korea (2.8% to 111.4 million SME), Mexico (3.4% to 227.1 million SME), Caribbean Basin Initiative partners (4.4% to 25.6 million SME), Association of Southeast Asian Nations member countries (8.8% to 649.7 million SME), South Asia (5.8% to 773.2 million SME) and Turkey (4.6% to 66.1 million SME).
Imports declined from Canada (8.3% to 87.2 million SME), the DR-CAFTA region (2.9% to 260.2 million SME) and Israel (17.4% to 27.9 million SME).