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Friday, 06 November 2020 13:31

US apparel imports decline by 15% in September: OTEXA

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As per OTEXA data, US’ apparel imports declined by 15 percent to $6.65 billion in value terms in September compared to a year earlier, easing off a year-to-date decline of 27.71 percent to $47.03 billion.

Year-on-year volume declined by 4.6 percent for the month to 2.46 million sq m equivalents (SME). For the first nine months of the year, apparel import volume declined by 22.4 percent to 16.73 million SME compared to a year earlier. Apparel imports from China fell by 45.49 percent to $10.98 billion in the first nine months of the year. Year-over-year imports from China declined by 29 percent to $1.82 billion.

Imports from all top 10 suppliers except Cambodia declined in the nine-month period. Imports from No. 2 supplier Vietnam declined by 9.05 percent to $$9.42 billion and shipments from third-place Bangladesh fell by 13.23 percent to $3.96 billion.

Imports from Cambodia increased by 3.14 percent in the period to $2.09 billion in the nine months, but declined by 3.2 percent in the month to $289.21 million compared to September 2019. Shipments from Pakistan rose by 9.8 percent in September year over year to $140.25 million, but declined 13.1 percent in the nine months to $958 million.

Imports from Indonesia decreased by 21.28 percent year to date to $2.68 billion and shipments from India fell ny 29.89 percent to $2.28 billion.

Among the top Western Hemisphere nations, imports from Honduras declined by 39.53 percent to $1.25 billion, while shipments from Mexico fell by 33.61 percent to $1.6 billion and imports from El Salvador declined 38.69 percent to $858 million. Shipments from Guatemala increased by 13.8 percent year-on-year to $117.75 million.