TRADE STATISTICS
US apparel imports sharply increase in April January-April 2017
After March, US rose for the second consecutive month as its apparel imports have sharply increased in April. This is a clear sign that the country is rebounding now. A significant fall of unit prices in China and Vietnam might be a factor behind this surge as quantity-wise, these two countries are the top exporters to the US. Since President Trump intends to renegotiate NAFTA which might produce more apparel jobs in the country, it will be an interesting scenario to see how it would impact apparel imports in future.
Global Apparel Imports by the US: Jan.-Apr. 2017
Total Increase in Quantity
2.24 %
‘ Facts and Forecast’ for US Apparel Industry
USD 98 % 30 %
324 bn apparel sold in US are imported projected apparel revenue in 2017 in US global apparel market exists in US
Total Decrease in Value |
|
|
|
1.71 %
Percentage Decrease in UVR
3.94 %
|
107
pieces are average volume / person in US
|
USD
9.53
is average price per piece in US apparel market
|
USD
910
average consumer spending in US apparel market
|
( Average UVR in the review period was US $ 2.92 as against US $ 3.04 in the same period last year)
Change in Value Cotton
4.01 % MMF
1.85 %
Wool
9.90 % Silk & Veg
Change in Quantity Cotton
2.03 % MMF
6.22 %
11.76 %
Wool
8.04 %
Silk & Veg
2.34 %
[ The information has been extracted from US custom site and further analyzed.]
Total global apparel imports by the US- Jan.-Apr. 2017( Qty in mn SME & Value in US mn $)
Type of Apparel
Jan.-Apr. 2016 Jan.-Apr. 2017 % Change
Qty Value Qty Value Qty Value
Cotton 3763.894 12382.937 3687.436 11886.889-2.03-4.01
Wool 32.493 594.505 29.882 535.627-8.04-9.90
MMF 4288.689 11313.948 4555.258 11522.823 6.22 1.85
Silk & Veg 142.807 697.567 139.459 615.548-2.34-11.76
Total 8227.88 24988.96 8412.04 24560.89 2.24-1.71
Total apparel exports to the US by 6 major manufacturing destinations- Jan.-Apr. 2017
( Qty in mn SME & Value in US mn $)
Countries
Jan.-Apr. 2016 Jan.-Apr. 2017 % Change
Qty Value Qty Value Qty Value
India 400.573 1425.488 397.974 1378.896-0.65-3.27
Bangladesh 658.953 1857.115 648.05 1740.184-1.65-6.30
China 2986.252 7704.638 3127.624 7438.56 4.73-3.45
Pakistan 178.842 395.841 163.983 388.011-8.31-1.98
Sri Lanka 166.831 702.218 160.506 675.235-3.79-3.84
Vietnam 1058.532 3348.844 1185.88 3622.258 12.03 8.16
60 Apparel Online Bangladesh | JULY 2017 | www. apparelresources. com