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Textile and Apparel Imports See Gains in July

Thursday, September 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 5.29 billion square meter equivalents in July, up 12.6% from June and 4.8% compared to July 2012. Textile imports totaled 2.84 billion SME, up 3.3% for the month and 3.4% from the previous year, while apparel imports of 2.45 billion SME were 22.5% and 6.5% higher, respectively.

For the year-to-date as of July 2013 total imports of textiles and apparel were 32.1 billion SME, a 3.3% rise from the same period in 2012, as textile imports climbed 1.3% to 18.1 billion SME and apparel imports were up 5.9% to 14.2 billion SME. For the 12-month period ending in July total imports were 2.3% higher at 55.1 billion SME as textile imports rose 0.8% to 30.6 billion SME and apparel imports moved ahead 4.3% to 24.5 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 July from China (5.9% to 2.66 billion SME), Vietnam (14.9% to 319.1 million SME), Hong Kong (21.9% to 6.1 million SME), Mexico (5.9% to 220.8 million SME), the DR-CAFTA region (0.1% to 277.8 million SME), Caribbean Basin Initiative partners (23.3% to 29.9 million SME), Association of Southeast Asian Nations member countries (9.2% to 692.2 million SME), South Asia (4.6% to 738.7 million SME) and Israel (32.9% to 41.5 million SME).

Imports declined from Taiwan (1.2% to 79.1 million SME), Korea (15.4% to 111.5 million SME), Canada (10.5% to 88.3 million SME) and Turkey (2.2% to 50.8 million SME).

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