US Textile And Apparel Imports Recover In January

Market News

US Textile And Apparel Imports Recover In January

According to latest data released by OTEXA, US textile and apparel imports reached 6.22 billion square meters in January, up by 9.2% year-on-year but down 1.4% month-on-month respectively. The volume from China was 2,800 million square meters, up by 13.2% year-on-year but down 9.1% month-on-month. US textile and apparel imports value in January was US$ 7.96 billion, down 11.1% year-on-year, but up 8.6% month-on-month. Imports from China reached US$ 2.18 billion, down 11.8% year-on-year and 4.4% month-on-month. The import volume of US textile and apparel has been growing year-on-year for six consecutive months, and the growth rate was the fastest in November last year, and then it gradually slowed down, and the volume from China also increased significantly year-on-year. From proportion of US textile and apparel imported from China, the share declined further in January. Specifically, the value of US apparel imports in January 2021 grew by 5.02% from December 2020 (seasonally adjusted), compared with an 8.8% growth from August to September, a 4.6% growth from September to October (seasonally adjusted), a slight 0.3% decline from October to November (seasonally adjusted) and a 6.4% decline from November to December (seasonally adjusted).