Apparel Online Bangladesh Magazine December Issue 2018 | Page 62

TRADE STATISTICS Ahead of festive season, USA rebounds in its apparel imports January to September 2018 US apparel imports continued marking growth even in September as Chinese shipments witnessed jump of around 5.83 per cent in the month in value terms. On the other hand, imports from Vietnam too surged in September by 7.85 per cent which was the fastest pace the country noted after May this year. The growth was seen despite unit prices jumping by 0.94 per cent which indicates that Vietnam is the favourite destination for US buyers even during holiday seasons. Bangladesh and India also capitalised on the festive season and experienced growth in their respective export to USA. Global Apparel Imports by the US: January to September 2018 Percentage change in Bangladesh’s top product category export (Trousers) to USA Percentage change in top 3 product categories imported by USA Change in Quantity 1.79 % 9.22% Change in Value 2.88 % Change in UVR 1 % T-SHIRTS LEGWEAR TROUSERS Volume (2.86%) Volume (7.57%) Volume (2.15%) Value (3.87%) Value (2.91%) Value (4.29%) Jan.-Sep. 2018 US $ 2.98 Change in Quantity Jan.-Sep. 2017 US $ 2.95 Cotton 0.74 % MMF 2.64 % 1.15 % 0.56 % Jan-18 7.05 Mar-18 3.82 % MMF 2.02 % Wool 5.64 4.65 % Silk & Veg Aug-18 2.58 % Sep-18 [The information has been extracted from US custom site and further analysed.] 5.93 May-18 Jun-18 Value-wise share to USA by top 5 apparel exporters (Jan.-Sep. 2018) 32.65% 6.54 Apr-18 Cotton USMCA Month-wise USA apparel import trend Feb-18 Change in Value Fact: NAFTA has now become USMCA (United States-Mexico-Canada Agreement) and it’s also called NAFTA 2.0 from now onwards. Jan.-Sep. 2016 US $ 3.02 Wool Silk & Veg Volume rises UVR change in apparel imported by USA (3-year comparison) (Average UVR in the review period was US $ 2.98 as against US $ 2.95 in the same period last year) 5.25% Value rises 6.29 6.60 Jul-18 14.77% 8.13 8.34 6.67% 7.96 0 1 2 3 4 5 6 [Value in US billion $] 62 Apparel Online Bangladesh | December 2018 | www.apparelresources.com 7 8 9 10 China Vietnam Bangladesh 5.45% Indonesia 4.82% India