USA APPAREL IMPORT TRADE DATA January to December 2017
2017: China’s dominance to decline in US apparel imports; India and Vietnam to gain significantly January to December 2017*
Introduction The US is projected to improve significantly in volume-wise apparel imports in the year 2017. In addition, the country might put a pause on the rising import values by 0.68% on Y-o-Y basis. China’s reign as the apparel powerhouse to the US will witness a dent, as the biggest sourcing destination in the world might fail to see positive change in the values of exported apparels to the US. Staying competitive in the global apparel market and reducing unit prices cause a setback for China. India and Vietnam, on the other hand, are likely to gain positivity in both volume and value of apparel import to USA during January to December 2017 period, while Bangladesh will stay behind these two countries in terms of percentage growth with (-) 0.47% drop in volumes and (-) 4.26% decrease in values.
Analysis • Import by USA – The cumulative apparel import data of the US will rise until the end of 2017 as per the projection. The country might note a 1.04% rise in volume terms during the January to December 2017 period as per our projection. The largest apparel importer in the world is likely to import 27,164.17 million SME of apparels during the review period as against 26,927 million SME in the prior-year period. Further, the country might fall by 0.68% in value terms on the Y-o-Y basis. The UVR for the said period is predicted to be US $ 2.95 as against US $ 3.00 in the same period last year. • Export from China – China will continue to be the top apparel exporter to the US during 2017. As per the available data from January to October period China noted a surge in volume of exports by 1.93% however the country dropped the unit prices of apparel to stay competitive in the global market. China will keep surging in volume-wise apparel exports to the US for remaining two months of the year too. Our prediction indicates by December 2017, China will export apparels to the US worth US $ 27.04 billion with a drop of 3.14% on Y-o-Y basis. • Export from Vietnam – Vietnam is touching new heights in its apparel exports to the United States as the country is set to clock US $ 11.43 billion (up 5.79%) from its apparel exports in the year 2017 ending 31st December. • Export from Bangladesh – All through 2017 Bangladesh’ apparel exporters faced the challenges such as the fluctuation in the currency value (appreciation of Taka against US dollar), longer shipping time, rise in production cost and safety issues which pushed the country towards the declining trend in the US clothing market. Bangladesh is projected to export apparels to the US market worth US $ 5.08 billion with a notable drop of 4.26% on Y-o-Y basis in the review period. • Export from India – Despite imposition of GST (Goods and Services Tax), India is likely to see a marginal surge of 1.79% (with export value of US $ 3.70 billion in 2017 as against US $ 3.64 billion in 2016) in its apparel exports value to the United States. However, the country might decline in the Rupee terms. India and Vietnam are the only countries in top 5 exporters to the US who might see the positive change in the exports value in 2017.
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Global Apparel Imports by the US: Jan.-Dec. 2017* Change in Quantity
Change in Value
0.88%
Change in UVR
0.68%
1.67%
Change in Quantity Cotton
2.27%
MMF
Wool
12.11%
3.60%
Silk & Veg
0.18%
Change in Value Cotton
2.23%
Wool
MMF
10.94%
2.04%
[The information has been extracted from US custom site and further analyzed.] * Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative
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Silk & Veg
9.06%
Infographics (USA) Top 3 product categories imported by USA
MMF apparel import by USA
2.04%
T-SHIRTS
LEGWEAR
TROUSERS
Volume (-0.93%)
Volume (4.66%)
Volume (3.25%)
Value (1.08%)
Value (2.40%)
Value (0.10%)
Value rises
3.60%
Volume rises
Fact: Total number of sewers in USA (approximately)
UVR change in apparel imported by USA (three-years comparison)
64 million
Jan.-Dec.'17 US $ 2.95 Jan.-Dec.'16 US $ 3.00
Value-wise share to USA by Top 4 apparel exporters (Jan.-Dec. ’17)*
Jan.-Dec.'15 US $ 3.13
33.74%
Month-wise US apparel import trend Jan-17
6.98
Feb-17
6.12
Mar-17
5.82
Apr-17
5.63
May-17
6.11
Jun-17
6.57
Jul-17
7.73
Aug-17
14.26%
8.23
Sep-17
7.55
Oct-17
7.66
Nov-17*
6.33%
6.10
Dec-17*
India
5.68 0
1
2
3
4
5
6
7
4.62%
8
9
10
(Value in US $ billion)
China
* Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative
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Vietnam
Bangladesh
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 4.43%
Bangladesh Volume 3.86%
Value 3.93%
Bangladesh
Vietnam
Volume -1.08%
Volume 14.24%
Value
-2.45%
Comparison b/w China and Vietnam (Undergarment exports to USA)
Value
10.10%
Bangladesh Volume Value -11.15% -13.72%
Value 5.78%
Vietnam Volume 3.24%
-1.21%
Comparison b/w Bangladesh and China (Men’s Shirt exports to USA)
China Volume 4.20%
Value
China Volume -6.88%
Value 1.91%
(For detail information on product-wise import export, refer to the tables on Page no. 7) * Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative
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Value
-8.55%
* Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative
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Total apparel exports to the US by 6 major manufacturing destinations - Jan.-Dec.'17* (Qty in mn SME & Value US mn $) Jan.-Dec. 2016
Jan.-Dec. 2017 (*)
Total global apparel imports by the US - Jan.-Dec.'17* (Qty in mn SME & Value in US mn $)
% Change (*)
Jan.-Dec. 2016
Countries Qty
Value
Qty
Value
Qty
Value
India
1044.238
3640.269
1079.34
3705.26
3.36
1.79
Bangladesh
1862.265
5305.668
1853.43
5079.79
-0.47
-4.26
China
11174.81
27922.015
11358.55
27046.11
1.64
-3.14
Pakistan
534.705
1262.393
528.53
1274.53
-1.16
0.96
Sri Lanka
470.993
1967.302
467.62
1958.01
-0.72
-0.47
Vietnam
3352.373
10807.961
3586.54
11434.13
6.99
5.79
Jan.-Dec. 2017 (*)
% Change (*)
Type of Apparel Qty
Value
Qty
Value
Qty
Value
11771.99
38224.046
11504.95
37371.10
-2.27
-2.23
Wool
192.363
3282.211
169.07
2923.09
-12.11
-10.94
MMF
14652.29
37991.745
15180.37
38765.63
3.60
2.04
310.352
1215.831
309.79
1105.67
-0.18
-9.06
26927.00
80713.83
27164.17
80165.50
0.88
-0.68
Cotton
Silk & Veg
Total
Item-wise quantity increase/decrease in apparel imports by the US: Jan.-Dec. ’17* (Qty in doz, legwear in dpr, babieswear in kg) Exports to US
Total Imports by US China
APPAREL TYPE
India
Bangladesh
Vietnam
2016
2017*
% Change
2016
2017*
% Change
2016
2017*
% Change
2016
2017*
% Change
2016
2017*
% Change
113,954,876
117,950,283
3.51
54,839,888
58,220,736
6.16
8,025,435
8,022,555
-0.04
11,089,893
10,404,176
-6.18
9,394,530
11,055,410
17.68
Foundation Garments
56,974,367
59,583,065
4.58
32,134,885
32,386,496
0.78
1,708,898
1,602,492
-6.23
3,612,674
4,058,046
12.33
2,674,996
4,646,929
73.72
Jackets & Blazers
46,985,824
46,613,258
-0.79
18,324,668
18,226,123
-0.54
662,741
829,433
25.15
2,336,907
2,283,942
-2.27
7,680,354
7,790,041
1.43
Ladies Blouses
55,769,282
54,525,706
-2.23
22,979,284
21,743,135
-5.38
8,223,359
7,715,071
-6.18
3,185,632
2,951,914
-7.34
7,890,521
8,589,855
8.86
Ladies Dresses
58,970,606
58,902,686
-0.12
28,475,025
28,179,834
-1.04
4,259,919
4,632,107
8.74
1,730,791
1,493,505
-13.71
10,378,623
11,009,947
6.08
Ladies Skirts
14,797,417
12,182,709
-17.67
5,706,041
4,973,562
-12.84
671,463
578,427
-13.86
1,060,454
833,946
-21.36
3,269,791
2,729,754
-16.52
Babieswear
Legwear
332,161,873
347,646,819
4.66
206,471,931
224,882,151
8.92
2,771,342
4,055,691
46.34
73,553
31,975
-56.53
2,768,282
3,479,080
25.68
Men's Shirts
42,776,378
40,920,468
-4.34
8,953,568
8,337,442
-6.88
3,133,962
3,723,160
18.80
12,356,714
10,978,857
-11.15
4,590,698
4,785,180
4.24
Nightwear
52,158,025
52,877,672
1.38
31,679,078
32,168,985
1.55
3,127,445
2,985,073
-4.55
1,790,650
2,130,559
18.98
4,871,086
5,107,435
4.85
Suits / Ensembles
12,318,920
11,743,066
-4.67
6,038,673
5,827,870
-3.49
564,761
597,417
5.78
242,817
138,248
-43.06
2,143,085
2,136,711
-0.30
Sweaters
18,104,829
16,454,017
-9.12
14,791,621
13,114,212
-11.34
49,148
55,228
12.37
1,147,951
1,103,252
-3.89
375,022
369,878
-1.37
Trousers
285,610,882
294,899,808
3.25
81,980,955
85,545,333
4.35
5,064,488
3,196,437
-36.89
42,630,774
44,276,568
3.86
45,077,470
51,494,293
14.24
T-Shirts
560,365,769
555,155,135
-0.93
104,398,229
102,405,943
-1.91
23,037,628
24,058,278
4.43
20,789,044
20,564,332
-1.08
75,893,418
77,572,207
2.21
Undergarments
264,092,295
262,038,097
-0.78
50,619,944
52,747,603
4.20
17,760,329
17,766,751
0.04
25,418,008
27,153,853
6.83
46,344,639
47,844,081
3.24
Item-wise value increase/decrease in apparel imports by the US: Jan.-Dec. ’17* (Value in US mn $) Exports to US Total Imports by US China
APPAREL TYPE
India
Bangladesh
Vietnam
2016
2017*
% Change
2016
2017*
% Change
2016
2017*
% Change
2016
2017*
% Change
Babieswear
2,314.22
2,315.67
0.06
1,065.56
1,057.41
-0.77
165.48
148.81
-10.08
204.83
232.37
Foundation Garments
2,580.10
2,691.47
4.32
1,202.14
1,133.59
-5.70
126.50
112.30
-11.23
77.04
92.99
Jackets & Blazers
6,834.56
6,634.79
-2.92
3,200.34
3,090.85
-3.42
91.19
105.45
15.63
329.18
Ladies Blouses
3,666.73
3,562.94
-2.83
1,384.97
1,292.49
-6.68
615.54
590.44
-4.08
176.83
Ladies Dresses
4,917.89
4,806.98
-2.26
2,289.49
2,149.06
-6.13
392.39
422.50
7.67
914.55
761.19
-16.77
326.50
280.04
-14.23
54.12
46.20
-14.63
Legwear
1,958.47
2,005.46
2.40
1,137.57
1,168.23
2.69
18.23
19.11
4.83
Men's Shirts
3,496.98
3,294.32
-5.80
777.51
711.00
-8.55
244.17
262.83
7.64
Nightwear
2,270.76
2,268.86
-0.08
1,346.06
1,339.18
-0.51
109.80
112.43
2.40
Suits / Ensembles
1,215.08
1,097.17
-9.70
291.16
263.49
-9.50
61.64
67.66
9.76
Ladies Skirts
2016
2017*
% Change
13.44
211.32
239.48
13.33
20.71
150.48
309.75
105.84
311.72
-5.30
1311.79
1,277.79
-2.59
156.09
-11.73
424.06
452.72
6.76
65.83
59.21
-10.05
699.51
715.47
2.28
42.88
34.71
-19.04
174.99
142.22
-18.73
0.70
0.18
-74.29
14.77
16.77
13.56
711.58
613.95
-13.72
368.77
381.68
3.50
55.67
58.55
5.16
230.57
234.17
1.56
17.36
10.20
-41.26
167.42
142.96
-14.61
Sweaters
1,850.91
1,650.61
-10.82
1,485.94
1,279.91
-13.87
28.70
28.09
-2.13
44.13
43.59
-1.22
21.88
26.12
19.40
Trousers
17,869.03
17,886.70
0.10
4,517.70
4,418.73
-2.19
363.00
354.47
-2.35
2,385.65
2,356.73
-1.21
2669.57
2,939.12
10.10
T-Shirts
20,496.37
20,717.31
1.08
4621.182
4,516.23
-2.27
917.56
953.58
3.93
584.35
570.04
-2.45
3167.82
3,303.28
4.28
3,845.93
3,793.81
-1.36
794.30
840.20
5.78
302.09
310.23
2.70
285.86
291.59
2.00
549.54
560.06
1.91
Undergarments
* Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative
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