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Textile and Apparel Imports Surge in May as Shipments from China Jump

Thursday, July 12, 2018
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 5.68 billion square meter equivalents in May, up 13.8 percent from April and 3.9 percent from May 2017. Textile imports totaled 3.01 billion SME, up 6.4 percent for the month and 1.4 percent from the previous year, while apparel imports of 1.99 billion SME were up 7.6 percent from April and 0.7 percent from a year before.

Overall Imports. Total year-to-date imports were 26.3 billion SME, up 4.8 percent from the previous year, as textile imports gained 7.2 percent to 15.5 billion SME and apparel imports rose 1.5 percent to 10.7 billion SME.

For the year ending in May imports were 66.1 billion SME, up 4.1 percent from a year earlier, as textile imports increased 6.8 percent to 38.8 billion SME and apparel imports rose 0.4 percent to 27.3 billion SME.

Source Countries. OTEXA has reported the following statistics on textile and apparel imports from major source countries for May 2018.

                       

 

SME

Monthly change %

Annual change %

$ Value

Monthly change %

Annual change %

China

2.64 billion

+32.0

+1.4

$2.92 billion

+27.0

-2.2

India

499.1 million

+8.0

+8.2

$692.6 million

-2.1

+3.0

Vietnam

440.0 million

-0.5

+11.5

$1.06 billion

+8.3

+13.7

Pakistan

242.8 million

+11.5

+1.3

$254.3 million

+7.3

+3.7

Mexico

226.4 million

+3.3

+1.7

$387.4 million

+3.1

-8.2

Bangladesh

211.1 million

-4.7

+5.1

$456.3 million

-1.0

+7.3

Korea

165.5 million

+1.2

+12.3

$81.6 million

+8.1

+4.6

Indonesia

125.3 million

-16.7

-7.2

$378.4 million

-11.3

+1.1

Canada

106.4 million

+4.4

+10.7

$121.8 million

+2.9

+22.6

Honduras

93.9 million

+24.0

-5.9

$228.3 million

+25.5

+1.5

El Salvador

76.4 million

n/a

+7.9

$170.0 million

n/a

+1.2

Turkey

73.4 million

-4.8

+11.9

$143.2 million

-7.6

+16.9

Cambodia

71.8 million

-21.2

+12.8

$177.7 million

-18.6

+14.7

Taiwan

64.8 million

-7.3

-2.3

$50.9 million

+3.5

-6.8

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