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Monthly Textile and Apparel Imports See Healthy Gain, Led by Southeast Asia and Caribbean

Friday, July 05, 2013
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 4.8 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).

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