By  on June 10, 2008

WASHINGTON – The U.S. economic slowdown is having an impact on textile and apparel imports.The combined volume of apparel and textile imports to the U.S. fell 0.6 percent in April, the second straight monthly decline and the third out of the last four months that shipments to the U.S. have decreased, the Commerce Department reported Tuesday.The U.S. imported 4 billion square meter equivalents of textiles and apparel in April. Combined textile and apparel imports from China increased 6.6 percent to 1.5 billion SME in April compared to a year earlier. Vietnam’s textile and apparel shipments surged 15 percent to 130 million SME, while imports from Honduras spiked 18.7 percent to 108 million SME.Most of the positive numbers were driven by apparel imports, while textiles shipments decreased across the board for most major suppliers. Overall apparel shipments to the U.S. increased 2.5 percent to 1.65 billion SME in April, with Honduras, Vietnam, Indonesia and El Salvador accounting for the largest increases.

To continue reading this article...

load comments
blog comments powered by Disqus