A new US trade bill aims reduce reliance of textiles and apparel on Chinese imports and support domestic industry, while also boosting circular fashion offering US $14 billion in incentives. The Americas Trade and Investment Act seeks to encourage reshoring and near-shoring of manufacturing
Overall apparel imports by the United States dropped 22.04 percent to US $77.84 billion in 2023 compared to $99.86 billion in 2022. Data of the US Department of Commerce’s Office of Textiles and Apparel (Otexa) informed that clothing imports from China declined 10.83 percent year on year to $16.32 billion in the previous year. However, […]
In the months between July and September 2023, there was a decline in US imports of garments. However the drop in imports of cotton was higher than in manmade fibre apparels. In the third quarter of ongoing year, US clothing imports fell 16.46 percent as against same quarter of earlier year. However, the decrease in […]
Worldwide US imports of clothing fell to US $60.82 billion in the first nine months of the current year, declining 22.81 percent, over the same months of earlier year. Quantity wise when measured in square meter equivalent (SME), garment imports fell by 25.16 percent to 18.86 billion SME in the period between January and September […]
In a bid to eliminate fashion goods made with forced Uyghur labour, the US has restricted imports from three more Chinese companies, bringing the total number of banned entities to 27. The names of Xinjiang Tianmian Foundation Textile, Xinjiang Tianshan Wool Textile and Xinjiang Zhongtai Group were added to the Uyghur Forced Labour Prevention Act […]
Overall US clothing imports dived sharply by 22.28 percent to US $45.74 billion in the first seven months of the current year, as against $58.85 billion in the comparable period of the earlier year. Imports of garments from its largest source China totaled $9.12 billion between January and July 2023, compared to $12.80 billion in […]
US garment imports plunged 23.17 percent in the six months to June 2023 to US $38.04 billion vis-a-vis $49.52 billion in the corresponding period of 2022, the Office of Textile and Apparels (OTEXA) said. Imports of apparels from China totaled $7.27 billion, a steep drop of 29.16 percent. Clothing imports from Vietnam reached $6.73 billion, […]
US garment imports in the first five months of 2023 plunged 22.92 percent year on year, to US $31.51 billion as against $40.89 billion in January-May 2022. Between January and May 2023, volume wise data measured in Square Meter Equivalent (SME) sank 30.48 percent from a year ago period to 9.58 billion SMEs from 13.79 […]
In the first four months of 2023, US garment imports plummeted 22.15 percent year on year. In the first four months of 2022, they stood at US $32.38 billion as against which they fell to $25.21 billion in January-April 2023. According to OTEXA, which published the data, imports from all top import sources like China, […]