TRADE STATISTICS
US continues to rebound in its apparel imports January-May 2017
Continuing the recovery, the US’ s apparel imports witnessed positive trend in the 5th month of 2017 as well. The largest apparel importer in the world, noted hike in volume of imported apparel, whereas fall in unit prices in Vietnam, China and Bangladesh helped US rebound in value terms. Moreover, outlook for the US apparel industry is bright which might push this growth on a bigger level in the coming months.
Global Apparel Imports by the US: Jan.-May 2017
Total Increase in Quantity
2.54 %
‘ Facts and Forecast’ for US Apparel Industry
USD
90,000 97 % 61 employees exist in US apparel manufacturing apparel sold in US are outsourced average projected revenue / capita in men‘ s shirts
Total Decrease in Value |
|
|
|
1.32 %
Percentage Decrease in UVR
3.64 %
|
USD
41 bn women’ s clothing store sales in US
|
USD
90.3 bn
projected e-commerce turnover in apparel by 2020
|
14 %
online retail sales in US in 2016
|
( Average UVR in the review period was US $ 2.91 as against US $ 3.02 in the same period last year)
Change in Value Cotton
3.59 % MMF
2.25 %
Wool
10.36 % Silk & Veg
Change in Quantity Cotton
1.68 % MMF
6.47 %
11.70 %
Wool
7.48 %
Silk & Veg
2.03 %
[ The information has been extracted from US custom site and further analyzed.]
Total global apparel imports by the US: Jan.-May 2017( Qty in mn SME & Value in US mn $)
Type of Apparel
Jan.-May 2016 Jan.-May 2017 % Change
Qty Value Qty Value Qty Value
Cotton 4712.231 15342.914 4633.289 14792.755-1.68-3.59
Wool 42.392 792.097 39.22 710.072-7.48-10.36
MMF 5358.927 14134.109 5705.659 14452.328 6.47 2.25
Silk & Veg 173.534 812.092 170.004 717.104-2.03-11.70
Total 10287.08 31081.21 10548.17 30672.26 2.54-1.32
Total apparel exports to the US by 6 major manufacturing destinations: Jan.-May 2017
( Qty in mn SME & Value in US mn $)
Countries
Jan.-May 2016 Jan.-May 2017 % Change
Qty Value Qty Value Qty Value
India 491.774 1731.764 493.748 1701.434 0.40-1.75
Bangladesh 804.167 2264.161 799.44 2140.289-0.59-5.47
China 3761.067 9575.184 3951.314 9297.34 5.06-2.90
Pakistan 222.421 499.887 209.136 491.802-5.97-1.62
Sri Lanka 205.289 861.994 192.529 811.693-6.22-5.84
Vietnam 1327.541 4188.045 1482.686 4479.231 11.69 6.95
60 Apparel Online Bangladesh | AUGUST 2017 | www. apparelresources. com