US textile and apparel imports continue to grow despite the impact of economic challenges on global discretionary spending. It increased by 22.76 percent to $114.787 billion in the first ten months of 2022, as against $93.505 billion in the same period of 2021.
According to the latest Major Shippers report released by the US Department of Commerce, among the textiles imports, apparel accounted $87.093 billion in January-October 2022, while non-apparel imports accounted for $27.693 billion.
Among the top ten apparel suppliers to the US, Bangladesh has the highest growth rate of 48.57 percent comparing to the same time of last year. Imports from Indonesia and India rose 47.57 percent and 45.04 percent year-on-year, respectively. Imports from Cambodia and Pakistan also increased by 36.90 percent and 35.01 percent respectively compared to the same period of the previous year.
However, China continues to be the largest supplier of textiles and apparel to the US, with a 25.60 percent share followed by Vietnam with 14.53 percent.
In the non-apparel category, among the top ten suppliers, imports from Cambodia rose 60.72 percent year-on-year. Imports from Vietnam and Italy also increased by 34.24 percent and 18.80 percent respectively. On the other hand, imports from Turkey decreased by 10.93 percent.
Of the US textile and apparel imports of $114.787 billion during the period under review, man-made fiber products were worth $59.056 billion, while cotton products accounted $49.582 billion, followed by wool products accounted $3.740 billion and products from silk and vegetable fibers accounted $2.408 billion.
