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Economy

China Remains Top Apparel Exporter To US Despite Alarm Bells On Tariff Wars

Despite rampant reports on tariff wars between China and the United States, in the currently concluded month of February the corpus of US apparel imports from China have gone up by 22.2%. The figure in absolute terms shot up to 2.54 billion square meter equivalent. The percentage hike was in comparison with the previous year’s figures announced the Commerce Department’s Office of Textiles & Apparel.

 

The boost in export figures comes amidst consistent volleying between China and the US on imposition of tariff threats at each other. US is issuing tariff threats to other countries as well.

 

The break up for the month of February for textile imports and apparel imports from China indicates that out of the total of 7.1% of textiles and apparel imports rise that amounted to a SME of 10.9 billion, the apparel exports went up by 4.4% to 4.7 billion SME; textiles exports rise accounts for 9.3% to 6.2 billion SME.

 

The figures also reassure that China is still the top supplier of apparel and textile exports to the US despite talk of the country creating a vacuum by exiting the lower end value chain, and the increase in exports from China are emulated by 10 other countries except India.

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