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Thursday, 24 March 2022 17:30

US’ textile and apparel imports value surges 28 per cent in January ’22

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The value of textiles and apparels imports by the US increased by 28 per cent Y-o-Y in January 2022 to $10.19 billion. As per a CC Group report, volume increased by 38.1 per cent Y-o-Y to 8.59 billion sq m. The value of US’ apparel imports surged 36.6 per cent in January 2022 to $7.54 billion and volume grew 22.5 per cent Y-o-Y to reach 2.614 billion sq m.

The volume of US textile and apparel imports from China surged by 12 per cent Y-o-Y to 3.13 sq m in January 2022 while value surged by 33 per cent Y-o-Y to $2.9 billion. Similarly, the value of US apparel imports from China rose by 47.1 per cent Y-o-Y to $1.91 billion while imports volume surged by 25.3 per cent to 1 billion sq m. The average unit price of US apparel imports was still in a large rise cycle despite seasonal factors causing several ups and downs in some months.