Apparel Online Bangladesh Magazine Magazine April 2018 | Page 58

TRADE STATISTICS US apparel import kicks off 2018 with 0.24% surge in volumes January 2018 The United States kicked off 2018 on a positive note as volume-wise apparel imports went 0.24 per cent up in the first month of the year. UVR of the imported apparels was US $ 2.91, which was up by 0.69 per cent as compared to January 2017. Of all major apparel exporting destinations, China felt shivers in its dominance to the US apparel market, whereas India, Bangladesh, Vietnam gained significantly in their respective value-wise apparel exports to the US. Global Apparel Imports by the US: January 2018 Top 3 product categories imported by USA Bangladesh’s top product category (Trousers) export to USA Change in Quantity 3.38% 0.24 % T-SHIRTS LEGWEAR TROUSERS Change in Value Volume (3.78%) Volume (2.69%) Volume (2.82%) 0.92 % Value (5.05%) Value (-2.30%) Value (2.96%) Change in UVR 0.69 % UVR change in apparel imported by USA (3-year comparison) (Average UVR in the review period was US $ 2.91 as against US $ 2.89 in the same period last year) January 2018 US $ 2.91 Change in Quantity January 2017 US $ 2.89 Cotton 3.23 % MMF 1.71 % 14.22 % 13.03 % Volume rises Fact: TPP has now become CPTPP, and USA is out of it ‘TPP’ is now ‘ CPTPP’ January 2016 US $ 3.04 Wool Silk & Veg 1.94% Value rises Cotton versus MMF apparel imports (volume-wise) by USA Value-wise share to USA by Top 5 apparel exporters 33.24% Change in Value Cotton 3.74 % MMF 1.72 % Vs. Wool 13.95 % Silk & Veg 15.30 % 15.69% Cotton Apparels 1035.45 million SME [The information has been extracted from US custom site and further analyzed.] 58 Apparel Online Bangladesh | APRIL 2018 | www.apparelresources.com MMF Apparels 1346.10 SME 7% million 5.83% 4.91% China Vietnam Bangladesh Indonesia India