Textile and Apparel Imports Plummet as Shipments from Southeast Asia Tumble
Source: Sandler, Travis & Rosenberg Trade
January 11, 2017
The Department of Commerce’s Office of Textiles and Apparel reports that monthly imports of cotton, wool, manmade fiber, silk blend, and non-cotton vegetable fiber textile and apparel products totaled 5.14 billion square meter equivalents in November, down 9.5 percent from October but up 7.3 percent from November 2015.
Textile imports totaled 3.10 billion SME, down 3.4 percent from October but up 10.0 percent from the previous year, while apparel imports of 2.05 billion SME were down 17.0 percent from October but up 3.3 percent from a year earlier.
Total year-to-date imports were 58.1 billion SME, down 1.2 percent from the previous year, as textile imports fell 1.4 percent to 33.2 billion SME and apparel imports lost 1.0 percent to 24.9 billion SME.
For the year ending in November, imports of textiles and apparel totaled 62.8 billion SME, down 1.1 percent from the same period a year earlier, as textile imports dropped 1.5 percent to 35.8 billion SME and apparel imports fell 0.6 percent to 27.0 billion SME.
With respect to specific sources, imports of textile and apparel products (except cotton and silk blend textiles) saw the following changes in November.
|Country||Nov. imports (SME)||Monthly change (%)||Year-on-year change (%)|
|South Korea||115.7 million||-15||1.3|