Textile, Apparel Imports Fall
Shipments fall for fifth consecutive month
By Liza Casabona
WASHINGTON – Under continued pressure from declining consumer demand and a stalled economy, textile and apparel imports dropped for in July for the fifth consecutive month.
The volume of apparel and textile imports to the U.S. declined 4.4 percent in July compared to a year earlier to 4.58 billion square meter equivalents, after sliding 10 percent in June, the Commerce Department said Thursday. Year-over-year import levels fell 6 percent in May, 0.6 percent in April and 11.4 percent in March.
The overall U.S. trade deficit widened sharply to $62.2 billion in July from $58.8 billion in June.
July imports of textiles and apparel to the U.S. from China dropped 4.8 percent to 1.96 billion SME. In June, shipments of apparel and textiles from China fell 11.8 percent, the largest drop in more than seven years, according to Commerce’s Office of Textiles & Apparel.
The largest increases in combined apparel and textile imports to the U.S. were from Bangladesh, Vietnam and Honduras. Bangladesh increased shipments by 18.5 percent to 134 million SME, Vietnam’s imports were up 17 percent to 166 million SME and Honduras increased imports 13.2 percent to 130 million SME.
Import levels from Canada plummeted 28.4 percent to 120 million SME in July and Pakistan’s shipments to the U.S. fell 9.7 percent to 246 million SME. Imports from Mexico were also down, falling 6.7 percent to 247 million SME.
For complete coverage, see Friday’s WWD.