USA APPAREL IMPORT TRADE DATA January to March 2018
US Apparel Import Analysis Januar y to M arch 2018
Introduction The USA has slightly improved in its apparel imports during the first quarter of 2018 and the cumulative apparel import data of the US in Q1 ’18 indicates a good sign for the country. Unit prices (US $ 2.94) neither decreased nor increased which helped USA keep the balance between the imported apparels and the dollars spent on it. During the first 3 months, the USA was up in both values and volumes by 1.63 per cent and 1.71 per cent, respectively. The country spent US $ 19.23 billion on the import of 6545.91 million square metres of apparel in the reporting quarter as against US $ 18.92 billion on 6435.76 million square metres in the same period last year. Of all major exporting destinations, China and Vietnam were positive in their respective apparel exports to the USA though China lost share by 2.40% in the US market. India, Bangladesh and Indonesia plunged significantly both in values and volumes.
Analysis • Export from China –As per the available data from January to March period, China noted a surge in volume of exports by 3.74% however the country dropped the unit prices of apparel from US $ 2.40 a year earlier to US $ 2.34 this year to stay competitive in the global market. As a result, China’s reign as the apparel powerhouse to the US witnessed a dent, as the biggest sourcing destination in the world failed to see notable positive change in the values of exported apparels to the US. Value-wise, China could just escalated 0.87% on the yearly note. Staying competitive in the global apparel market and reducing unit prices will keep pushing China backward during upcoming months. • Export from Vietnam – The data released by OTEXA and analyzed by Apparel Resources shows a sign of consolidation of Vietnam’s clothing products in the USA market. During Jan.-Mar. ’18 period, the second-largest apparel exporter to the USA after China exported apparels worth US $ 2.858 billion, up 3.32% from the corresponding period in 2017. Vietnam’s rising exports in its biggest export destination is further boosting the country to achieve its set target for 2018 which is US $ 34-35 billion. The excellent performance in the US market has helped Vietnam generate revenue of US $ 7.62 billion from its global garment and textile exports in just first 3 months of 2018. • Export from Bangladesh – Though Bangladesh maintained the third spot in major shippers behind China and Vietnam, it saw a decline in total apparel exports during the Jan.-Mar. ’18 period by 0.92 per cent. Value-wise, the total export figure was US $ 1.35 billion during this period, what was US $ 13 million lower compared to a year-to-year basis. Unit prices too dropped slightly (0.75%) to US $ 2.65 which also impacted the shipment values from Bangladesh to the USA. However, Bangladesh got a boost of 15.51 per cent in the exports of denim apparels to the USA which were worth US $ 96.27 million during the Q1 ’18. • Export from India – India plunged significantly both in values (0.79%) and volumes (2.53%) of the apparel shipment to the USA during the review period. In the last quarter of its own FY ’18, India could only export apparels to the USA worth US $ 1.036 billion as against US $ 1.044 billion in the same quarter of FY ’17. Down falling exports from India is a serious concern for the exporters who were hoping to end India’s fiscal year 2018 on a positive note.
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Global Apparel Imports by the US: Jan.-Mar. 2018 Change in Quantity
Change in Value
1.71%
Change in UVR
1.63%
0%
Change in Quantity Cotton
Wool
MMF
0.07%
6.93%
3.28%
Silk & Veg
3.69%
Change in Value Cotton
Wool
MMF
2.05%
7.42%
1.36%
[The information has been extracted from US custom site and further analyzed.]
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Silk & Veg
6.93%
Infographics (USA) Percentage change in top 3 product categories imported by USA
Percentage change in India’s top product category export (T-shirts) to USA
2.66% T-SHIRTS
LEGWEAR
TROUSERS
Volume (0.48%)
Volume (10.38%)
Volume (0.66%)
Value (2.68%)
Value (2.69%)
Value (1.61%)
4.02%
Value falls
Volume falls
Fact: Only about 3% of USA’s apparel consumption is domestically sourced.
UVR change in apparel imported by USA (three-years comparison) Jan.-Mar. 2018 US $ 2.94 Jan.-Mar. 2017 US $ 2.94 Jan.-Mar. 2016 US $ 3.04
Value-wise share to USA by Top 5 apparel exporters (Jan.-Mar. 2018)
Month-wise USA apparel import trend
Jan-18
7.05
Feb-18
6.54
30.17%
14.86% Mar-18
5.64 0
1
2
3
4
5
6
7
8
9
7.05%
10
5.98% [Value in US billion $]
China
4
Vietnam
Bangladesh
Indonesia
5.38%
India
Infographics
(China, Vietnam, Bangladesh and India) Comparison b/w India and Bangladesh (T-shirt exports to USA)
Comparison b/w Bangladesh and Vietnam (Trouser exports to USA)
India Volume
-4.02%
Bangladesh Volume -1.49%
Value
-2.66%
Bangladesh
Vietnam
Volume 15.79%
Volume
Value
Comparison b/w Bangladesh and China (Men’s Shirt exports to USA)
China
Bangladesh Volume -4.59%
Value 0.06%
Vietnam Volume -1.53%
Value
-10.26% -0.65%
17.28%
Comparison b/w China and Vietnam (Undergarment exports to USA)
Volume 3.51%
Value 1.76%
Value
-7.61%
China Volume -4.80%
Value 9.26%
(For detail information on product-wise import export, refer to the tables on Page no. 7)
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Value
-3.05%
6
Total apparel exports to the US by 7 major manufacturing destinations - Jan.-Dec.'17* (Qty in mn SME & Value US mn $) Jan.-Mar. 2017
Jan.-Mar. 2018
Total global apparel imports by the US: Jan.-Mar. 2018 (Qty in mn SME & Value in US mn $)
% Change
Jan.-Mar. 2017
Countries Qty
Value
Qty
Value
Qty
Value
India
302.228
1044.31
294.572
1036.066
-2.53
-0.79
Bangladesh
512.182
1368.749
511.892
1356.166
-0.06
-0.92
2392.711
5752.134
2482.089
5802.021
3.74
0.87
Pakistan
130.616
309.464
133.112
318.338
1.91
2.87
Sri Lanka
124.767
527.316
103.796
472.703
-16.81
-10.36
Vietnam
898.706
2766.456
914.263
2858.357
1.73
3.32
Indonesia
348.425
1220.449
319.631
1149.891
-8.26
-5.78
China
Jan.-Mar. 2018
% Change
Type of Apparel Qty
Value
Qty
Value
Qty
Value
2831.99
9178.657
2830.038
9366.509
-0.07
2.05
Wool
23.475
420.119
25.101
451.305
6.93
7.42
MMF
3478.985
8865.511
3593.198
8986.003
3.28
1.36
Silk & Veg
101.309
456.404
97.572
424.791
-3.69
-6.93
Total
6435.76
18920.69
6545.91
19228.61
1.71
1.63
Cotton
Item-wise quantity increase/decrease in apparel imports by the US: Jan.-Mar. 2018 (Qty in doz, legwear in dpr, babieswear in kg) Exports to USA
Total Imports by USA China
APPAREL TYPE 2017
2018 % Change
2017
India
2018 % Change
2017
Bangladesh
2018 % Change
2017
Vietnam
2018 % Change
2017
Indonesia
2018 % Change
2017
2018 % Change
Babieswear
24,977,643
27,472,622
9.99
10,856,777
12,557,516
15.67
1,784,832
2,342,576
31.25
2,702,077
2,509,985
-7.11
2,411,606
2,351,353
-2.50
1,017,243
1,020,792
0.35
Foundation Garments
15,752,589
14,070,920
-10.68
8,186,190
7,873,964
-3.81
416,840
355,066
-14.82
1,413,665
1,144,200
-19.06
1,133,036
1,213,869
7.13
1,121,754
1,012,819
-9.71 -14.71
Jackets & Blazers
6,506,427
7,029,278
8.04
3,106,988
3,331,992
7.24
144,799
118,569
-18.11
424,287
427,267
0.70
1,159,394
1,346,151
16.11
381,747
325,590
Ladies Blouses
15,595,653
14,895,652
-4.49
6,026,241
5,808,201
-3.62
2,347,477
2,143,988
-8.67
867,688
621,300
-28.40
2,363,064
2,570,712
8.79
2,240,978
2,017,156
-9.99
Ladies Dresses
18,043,654
17,075,548
-5.37
8,168,216
7,256,083
-11.17
1,595,013
1,519,187
-4.75
548,940
546,966
-0.36
3,415,203
3,600,343
5.42
1,571,239
1,276,686
-18.75
Ladies Skirts
4,039,302
4,018,652
-0.51
1,586,013
1,672,382
5.45
214,118
193,338
-9.70
251,554
315,341
25.36
790,639
859,989
8.77
441,113
315,279
-28.53
Legwear
75,562,844
83,405,628
10.38
48,425,501
53,891,900
11.29
691,133
1,883,099
172.47
8,840
0
-100.00
599,881
1,170,640
95.15
1,587,059
176,313
-88.89
Men's Shirts
10,618,608
10,298,214
-3.02
2,132,540
2,030,087
-4.80
996,623
1,014,613
1.81
2,822,580
2,693,037
-4.59
1,268,652
1,275,213
0.52
1,018,784
846,943
-16.87
Nightwear
10,352,712
11,354,285
9.67
5,684,845
6,557,203
15.35
777,315
677,259
-12.87
542,728
646,825
19.18
1,042,222
1,157,435
11.05
280,114
178,872
-36.14
Suits / Ensembles
3,366,246
3,257,986
-3.22
1,631,553
1,680,732
3.01
191,431
170,758
-10.80
41,038
16,170
-60.60
667,451
536,963
-19.55
167,826
214,115
27.58
Sweaters
1,431,960
1,319,128
-7.88
1,001,924
936,479
-6.53
9,665
8,317
-13.95
89,939
81,039
-9.90
43,491
27,779
-36.13
17,203
9,042
-47.44
Trousers
79,689,220
80,215,535
0.66
21,584,802
22,487,661
4.18
21,584,802
22,487,661
4.18
13,831,724
13,625,719
-1.49
14,468,761
12,984,786
-10.26
5,208,156
5,398,112
3.65
T-Shirts
138,775,828
139,438,674
0.48
22,077,644
22,432,059
1.61
6,848,062
6,572,476
-4.02
5,266,314
6,098,023
15.79
19,701,536
19,929,917
1.16
7,699,675
7,031,518
-8.68
59,726,546
58,136,398
-2.66
11,868,355
12,284,491
3.51
4,633,588
4,139,981
-10.65
6,874,467
6,359,709
-7.49
10,004,166
9,851,236
-1.53
639,337
526,412
-17.66
Undergarments
Item-wise value increase/decrease in apparel imports by the US: Jan.-Mar. 2018 (Value in US mn $) Exports to USA
Total Imports by USA China
APPAREL TYPE
India
Bangladesh
Vietnam
Indonesia
2017
2018
% Change
2017
2018
% Change
2017
2018
% Change
2017
2018
% Change
2017
2018
% Change
2017
2018
% Change
Babieswear
536.83
566.68
5.56
218.64
241.17
10.30
50.30
45.51
-9.52
58.97
50.25
-14.79
59.17
50.56
-14.55
30.23
30.47
0.80
Foundation Garments
698.75
617.27
-11.66
288.84
233.14
-19.28
27.24
24.48
-10.12
34.75
22.70
-34.68
74.69
84.38
12.97
53.30
46.73
-12.34
Jackets & Blazers
945.40
1,043.28
10.35
384.58
413.10
7.42
18.89
18.89
-0.02
53.63
52.04
-2.97
186.63
223.21
19.60
52.07
51.34
-1.41
Ladies Blouses
1,041.43
984.51
-5.47
369.15
342.58
-7.20
179.34
168.31
-6.15
47.58
33.85
-28.86
129.02
133.46
3.43
138.74
126.99
-8.47
Ladies Dresses
1,444.20
1,391.29
-3.66
613.19
568.07
-7.36
143.18
138.18
-3.49
20.79
20.74
-0.26
225.22
240.35
6.72
125.47
104.15
-16.99
Ladies Skirts
243.36
240.70
-1.09
83.89
89.79
7.03
16.00
14.74
-7.84
11.11
12.16
9.39
43.31
47.12
8.82
27.22
17.80
-34.60
Legwear
417.28
428.50
2.69
236.37
242.63
2.65
4.17
6.13
46.91
0.05
-
-100.00
3.38
4.95
46.57
0.90
0.78
-13.86
Men's Shirts
834.88
819.96
-1.79
179.75
174.27
-3.05
66.85
68.36
2.26
154.54
142.78
-7.61
100.67
101.65
0.97
81.02
70.15
-13.42
Nightwear
411.62
447.83
8.80
222.97
250.99
12.57
26.99
25.05
-7.18
13.79
16.85
22.14
42.19
48.19
14.23
11.96
8.98
-24.91
Suits / Ensembles
320.73
326.90
1.92
74.83
82.65
10.46
22.47
20.72
-7.81
3.40
1.88
-44.62
44.93
44.12
-1.79
22.77
22.01
-3.35
Sweaters
150.88
147.49
-2.25
100.77
96.62
-4.12
0.65
0.72
11.59
4.67
4.43
-5.20
3.19
2.33
-26.80
1.07
0.79
-26.56
Trousers
4,667.37
4,742.41
1.61
1,128.46
1,094.87
-2.98
100.49
111.36
10.81
694.55
706.74
1.76
779.40
774.32
-0.65
279.82
282.44
0.94
T-Shirts
4,797.52
4,926.15
2.68
900
938.24
4.25
265.006
257.949
-2.66
130.23
152.73
17.28
775.14
779.83
0.60
291.53
280.61
-3.75
837.33
842.38
0.60
188.69
188.80
0.06
75.57
74.60
-1.29
70.54
66.98
-5.05
117.99
128.91
9.26
14.69
10.25
-30.25
Undergarments
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