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China’s share in US textile and apparel imports increased in June

The latest data showed that US textile and apparel imports value in Jun 2022 increased to 11.45 billion USD, up by 28.1% year-on-year. The imports volume reached 10.65 billion m2, up by 18.2% year-on-year. US apparel imports value in Jun 2022 rose sharply to 8.64 billion USD, up by 40.3% year-on-year, and the imports volume reached 2.76 billion m2, up by 18.9% year-on-year.

 

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The US textile and apparel imports volume from China in Jun 2022 reached 3.25 billion m2, down by 11% year-on-year. The imports value reached 2.95billion USD, up by 15.8% year-on-year. US apparel imports value from China in Jun 2022 rose to 1.98 billion USD, up by 32.9% year-on-year, and the imports volume reached 1.04 billion m2, up by 12.5% year-on-year. Compared with 2019, the total imports value from China decreased by 11.5%, and the reduce rate saw a seasonal decrease.

 

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Over the past 5 years, China’s share in US textile and apparel imports was on the decline. And it stayed at 25.8% by Jun 2022.

 

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In terms of growth, the growth rate of US textile and apparel imports from China was not as good as its average imports growth, and the disparity was widening. The major cause might be the proportion decline of epidemic prevention supplies in China’s textile and apparel.

 

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In view of US apparel imports growth, the average US apparel imports growth was close to that from China. However, the tendency told that the growth rate of US apparel imports from China began to lag behind since March.


Post time: Aug-23-2022