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From: Emerging Textiles
13 August 2008 -- U.S. apparel imports less declined in the second quarter this year, compared with the first quarter. Knit apparel imports even stabilized while shipments of woven apparel continued sliding. Although still down, import from China started recovering in the second quarter while further surging from Vietnam and more significantly rising from Bangladesh and El Salvador. Sri Lanka, Jordan and the Dominican Republic are in trouble while Turkey and South Korea are even disappearing.
U.S. apparel imports less significantly fell in the second quarter this year with a drop of only 3% from the same period last year.
Shipments from foreign countries had declined more than 5% over the first quarter, in US$ terms.
Imports were finally down more than 4% over the first half this year at US$33.75 billion, being back to their level three years ago.
Imports of knit apparel were relatively stable in the second quarter after losing 2.8% in the first quarter, finally down 1.6% in the first half.
By contrast, woven apparel imports decreased by 6.3% in the first half after declining 7% and 5.5% in the first two quarters, respectively.
They are now 6% below their level three years earlier.
With US$9 billion in US apparel imports, China remained by far the largest supplier on the US apparel market although shipments fell 6% in the first half in value terms.
Decline only was 2.37% over the second quarter after reaching 9.6% over the January-March period.
Surging Vietnam
By contrast however, imports from Vietnam surged 25% in the first half at US$2.34 billion, reflecting a 31% jump in the first quarter followed by a more reasonable 20% rise in the second quarter.
Bangladesh also did well with a 8.8% increase in the second quarter after a 5% rise in the first quarter.
The situation is worsening for India with US imports from this country down 5.4% in the second quarter and 2% over the first part of 2008.
Shipments are more dramatically falling from Mexico (-11.6%), Sri Lanka (-10%), the Philippines (-17%), Jordan (-15%) and the Dominican Republic (-25.6%).
Korean and Turkish exporters are disappearing on the US market with falls of 23% and 29%, respectively.
Latin American countries got different results with El Salvador succeeding (+8%) and Haiti in deep trouble (-19%) before new trade preferences were granted to the impoverished nation.
- Send to EmergingTextiles.com
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