South Asia Gains US Apparel Import Share from China in February

Year-to-date apparel imports increased 9.4% on a dollar basis through February, while units (square meter equivalents) were flat, according to data recently released by The Office of Textiles and Apparel (OTEXA). Imports from Bangladesh grew the fastest on a dollar basis, and gained the most share, followed by Mexico, though units from Cambodia grew the most of any top 10 trading partner.

China lost the most share of U.S. year-to-date dollar apparel imports in 2011, off 1.7 percentage points compared to a year ago. Honduras and Pakistan also lost share.

The dollar value per unit (SME) of imported apparel from Bangladesh and Indonesia increased the most, while the value of imports from Cambodia increased the least.

 

Apparel Imports: YTD 2012        
MM Dollars and Units        
  Dollars SME % Chg % Chg % Chg
  Millions Millions Dollars SME $/SME
World 12,402 3,751 9.4 0.0 8.9
China 4,399 1,452 0.2 -4.3 4.7
Vietnam 1,152 357 7.0 -0.6 7.6
Bangladesh 861 290 14.6 0.7 13.9
Indonesia 892 229 7.0 -6.5 14.4
Cambodia 452 179 9.4 7.8 1.5
India 607 163 3.4 -2.4 5.9
Honduras 340 154 -4.0 -12.5 9.8
Mexico 587 143 12.0 -0.7 12.8
Pakistan 223 93 -3.9 -7.0 3.4
El Salvador 250 114 6.4 0.0 6.4
Rest of world 2,639 577 9.8 -5.4 16.1
  CBI 1,182 443 8.9 -7.8 14.2
  CAFTA – DR 1,096 412 9.8 -6.3 13.3
  South Asia 1,972 608 8.8 -0.9 10.6
  ASEAN 2,964 902 11.7 -0.6 8.4
  OECD 454 38 10.4 -5.0 7.6