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Insight | Time: Jun 12 2020 3:49PM
US textile and apparel imported from China improved in April
 
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The latest data show that US textile and apparel imports reached 4.01 billion square meters in April, down by 23.6% year-on-year and 4.2% month-on-month; the volume from China was 1,470 million square meters, down by 31.6% year-on-year but up by 56.8% month-on-month. In Jan-Apr, the cumulative US textile and apparel imports were 18.67 billion square meters, down 13.9% year-on-year; the volume from China was 6.65 billion square meters, down 27.5% year-on-year.


China's market share somewhat increased over the last month.
Since Aug 2019, textile and apparel imported from China decreased their shares in the US market. Due to the Sino-US trade war in 2019 coupled with negative impact of COVID-19 in 2020, the volume proportion of US textile and apparel has dropped to 22.4% in Mar, and the value proportion sharply decreased to 13.4%. However, the proportion increased in Apr, rising to 36.8% and 23.1% respectively.


Notably, China and Mexico's lost market shares have been picked up mostly by other suppliers in Apr. However, Pakistan, Indonesia, Cambodia, and Turkey’s market shares in US textile and apparel import market increased year-on-year, while the remaining markets declined to varying degrees. From the change in proportion, except for China and Mexico, which decreased compared with a year ago, the remaining markets slightly inched up to varying degrees. However, it should be noted that China's market share was still the largest, followed by India and Vietnam.



In April, US textile and apparel import demand continued to decline sharply from a year ago, and the month-on-month decline narrowed. However, hit by COVID-19, the recent protests and demonstration, and trade tensions between China and the US, US textile and apparel import demand is still not optimistic, and China's market share is more difficult to restore again.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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