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Textile and Apparel Imports Jump as Shipments from China, Korea Surge

Monday, July 11, 2016
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 5.29 billion square meter equivalents in May, up 13.0 percent from April but down 1.1 percent from May 2015. Textile imports totaled 3.23 billion SME, up 15.8 percent from April but down 3.1 percent from the previous year, while apparel imports of 2.06 billion SME were up 9.6 percent from April and 2.2 percent from a year earlier.

Total year-to-date imports were 24.5 billion SME, down 1.3 percent from the previous year, as textile imports fell 2.6 percent to 14.2 billion SME but apparel imports rose 0.5 percent to 10.3 billion SME.

For the year ending in May, imports of textiles and apparel totaled 63.2 billion SME, up 3.3 percent from the same period a year earlier, as textile imports increased 2.5 percent to 35.9 billion SME and apparel imports gained 4.2 percent to 27.3 billion SME.

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

Country

May imports (SME)

Monthly change (%)

Year-on-year change (%)

China

2.46 billion

+25.5

-5.5

India

407.7 million

+1.2

+5.0

Vietnam

377.1 million

+11.1

+6.2

Pakistan

219.5 million

+10.9

+1.7

Mexico

209.3 million

-3.1

+6.6

Bangladesh

188.0 million

+0.5

+3.8

Indonesia

146.4 million

-0.1

+2.1

South Korea

148.1 million

+19.1

+10.1

Canada

94.6 million

+0.1

+3.4

Honduras

93.8 million

 

+0.4

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