Unexpected! U.S. imports of Chinese cotton clothing surged in March



According to the latest statistics from the U.S. Department of Commerce, U.S. textile and apparel imports in March reached 6.746 billion square meters, a year-on-year increase of 6…

According to the latest statistics from the U.S. Department of Commerce, U.S. textile and apparel imports in March reached 6.746 billion square meters, a year-on-year increase of 61.1%, and the import value reached 9.0667 billion U.S. dollars, a year-on-year increase of 31.8%, and an increase of 12.8% over the same period in 2019 and an increase of 12.8% over the same period in 2018. The same period last year increased by 18.65%. In March, U.S. apparel imports increased by 48% year-on-year, and also increased compared with the same period in 2019 and 2018. Imports of cotton clothing increased by 39.5% year-on-year, which was also higher than the same period in 2019 and 2018.

Due to the obvious shortage of gray fabric production capacity in the United States, the recent rapid growth of U.S. textile imports shows no sign of slowing down. In March, U.S. textile imports increased by 70% year-on-year, with significant growth in all categories. Among them, imports of gray fabrics increased by 55.3%, with China and India being the largest sources of imports. Although orders from U.S. buyers shifted after the Xinjiang cotton ban was implemented, U.S. imports of Chinese products surged by 195% in March, with imports reaching $2.137 billion, a year-on-year increase of 133% and higher than the same period in 2019. The import value of cotton products reached US$624 million, a year-on-year increase of 109% and a decrease of 2.13% compared with the same period in 2019.

The growth of U.S. textile imports from China far exceeds the growth of imports from other regions. In March, the United States’ imports to Vietnam were US$1.418 billion, a year-on-year increase of 34.8%, imports from India were US$837 million, a year-on-year increase of 18.4%, the Caribbean was US$758 million, Bangladesh was US$551 million, and Indonesia’s market The share decreased rapidly, with the share in March falling by 5.2%. Imports to Turkey reached US$222 million, a year-on-year increase of 48.5%, mainly driven by non-clothing products.

In March, cotton clothing accounted for 50% of U.S. clothing imports, much higher than the 48.68% in the same period in 2018. Among cotton clothing, Vietnam accounts for the largest market share, followed by China, Bangladesh and India.

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Author: clsrich

 
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