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Textile and Apparel Imports Tumble in February but Latin America Sees Gains

Friday, April 04, 2014
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 4.36 billion square meter equivalents in February, down 13.5% from January and 4.1% compared to February 2013. Textile imports totaled 2.38 billion SME, down 17.9% for the month and 4.0% from the previous year, while apparel imports of 1.98 billion SME were down 7.5% from January and 4.2% from a year earlier.

Imports of textiles and apparel totaled  9.40 billion SME for year-to-date February, up 2.6% from a year earlier. Textile imports of 5.28 billion SME rose 5.1% but apparel imports of 4.12 billion SME slipped 0.4% compared to the year-to-date February period in 2013.

For the 12-month period ending in February 2014, total imports of 56.8 billion SME gained 3.4% from the same period a year earlier included 31.9 billion SME in textile imports (up 3.7%) and 24.8 billion SME in apparel imports (up 3.1%).

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

Country/Region

February imports

Monthly change

Year-on-year change

China

1.96 billion SME

-21.0%

-10.7%

Vietnam

330.1 million SME

-2.3%

+6.7%

Taiwan

58.5 million SME

-26.8%

+3.0%

Hong Kong

4.6 million SME

-35.2%

-10.2%

South Korea

91.5 million SME

-24.0%

-5.8%

Canada

76.8 million SME

-4.1%

-11.3%

Mexico

188.5 million SME

+0.6%

+1.9%

CAFTA-DR

255.1 million SME

+44.2%

+5.9%

CBI

27.9 million SME

+71.2%

+20.0%

ASEAN

643.6 million SME

-6.9%

-1.4%

South Asia

721.6 million SME

-11.6%

+8.6%

Turkey

45.7 million SME

-22.5%

-8.0%

Israel

48.1 million SME

-11.7%

+57.3%

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