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Textile and Apparel Imports Drop from January as Shipments from Asia Sink

Tuesday, April 07, 2015
Sandler, Travis & Rosenberg Trade Report

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 4.37 billion square meter equivalents in February, down 8.2 percent from January but up 0.2 percent from February 2014. Textile imports totaled 2.38 billion SME, down 12.2 percent for the month but up 0.2 percent from the previous year, while apparel imports of 1.98 billion SME fell 3.4 percent from January but rose 0.2 percent from a year earlier.

Imports of textiles and apparel totaled 59.1 billion SME for the year ending in February, up 4.1 percent from a year earlier. Textile imports were up 5.0 percent to 33.5 billion SME and apparel imports were up 3.0 percent to 25.6 billion SME.

Total year-to-date imports were 9.12 billion SME, down 2.9 percent from the previous year, as textile imports fell 3.6 percent to 5.09 billion SME and apparel imports lost 2.1 percent to 4.03 billion SME.

With respect to specific sources, imports of textile and apparel products (except cotton and silk blend textiles) saw the following changes in February.

Country

February imports (SME)

Monthly change (%)

Year-on-year change (%)

China

1.99 billion

-11.2

+1.7

India

340.6 million

-8.6

+4.8

Vietnam

293.7 million

-13.6

-11.0

Mexico

193.1 million

+4.7

+2.4

Pakistan

190.6 million

-9.4

-0.7

Bangladesh

181.7 million

+6.3

+8.6

Indonesia

131.4 million

-9.9

-4.0

Honduras

90.9 million

n/a

-5.5

South Korea

89.8 million

-20.3

-1.9

Cambodia

77.1 million

-1.7

-19.3

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