The dollar value of U.S. textile imports increased 8.3% for the first two months of 2012 compared to the same period last year. India gained back some lost ground in the US textile market in January. After steadily losing share of total US textile import dollars in 2011, primarily to Vietnam and Indonesia, it enjoyed the biggest year-over-year share gain – 2.5 percentage points – of any top 10 trading partner.
China lost the most share of US textile imports, with an almost 2 point share loss, but remains the largest textile trading partner, at almost 48% of the total, or year-to-date dollar volume of $1.7 billion. Canada and Indonesia also lost year-to-date share.
There have been significant increases in yarns and home textiles (such as bedding and towels) from India compared to last year, and similar decreases from China.
|Textile Imports: YTD 2012|
|MM Dollars and Units|
|Dollars||SME||% Chg||% Chg||% Chg|
|Rest of World||572||515||3.2||-14.3||20.5|