US clothing imports fall 4%

US clothing imports fall 4%

Year-to-date through July, worldwide imports of clothing into the US have shrunk by 4.98 per cent during the first seven months of 2016.

Year-to-date through July, worldwide imports of clothing into the US have shrunk by 4.98 per cent during the first seven months of 2016. Of the top 10 markets that the US imports garments from, only Vietnam and Bangladesh showed growth in import consignments of 1.83 per cent and 1.12 per cent for the period.
Spending by US consumers declined slightly in July. Americans are increasingly spending less on clothes and home furnishings, a trend that could hurt Vietnam clothing exporters in years to come. Young people are spending more on expenses like rent, mobile phones, and personal services than they were a decade ago. This leaves less money for buying clothes. Other factors blamed for the slowdown are delayed inventory shipments, bad weather.
Overall exports from Vietnam to the US rose 1.83 per cent in the first seven months of 2016. As per estimates the share of clothing exports from Vietnam to the US could jump 10 per cent for the whole of 2016. This is based on the fact that work orders are coming in bulk and for higher value-added apparel items this year. Markets showing a year-on-year drop in imports into the US market for the seven-month period include China, India and Pakistan. 
CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (8)
  • comment-avatar

    Fantastic Web page, Preserve the useful work. Thank you! [url=http://yc5.nebi.co.kr/bbs/board.php?bo_table=free&wr_id=543277]Dove trovare cetinor senza prescrizione a Bologna[/url]

  • comment-avatar

    … [Trackback]

    […] Read More here to that Topic: indiantextilejournal.com/us-clothing-imports-fall-4/ […]

  • comment-avatar

    … [Trackback]

    […] Find More to that Topic: indiantextilejournal.com/us-clothing-imports-fall-4/ […]

  • comment-avatar

    An outstanding share! I’ve just forwarded this onto a colleague who had been conducting a little research on this.
    And he actually bought me dinner simply
    because I stumbled upon it for him… lol.
    So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending some time to discuss this matter here on your site.

  • comment-avatar

    Thanks for any other wonderful article. Where else may anybody get that kind of info in such a
    perfect means of writing? I have a presentation subsequent
    week, and I’m on the look for such info.

  • comment-avatar

    … [Trackback]

    […] Read More on to that Topic: indiantextilejournal.com/us-clothing-imports-fall-4/ […]

  • comment-avatar

    Greetings from Florida! I’m bored to tears at work so I decided to browse your website
    on my iphone during lunch break. I love the knowledge you
    present here and can’t wait to take a look when I get
    home. I’m surprised at how fast your blog loaded on my mobile ..
    I’m not even using WIFI, just 3G .. Anyways,
    fantastic site!

  • comment-avatar

    Hello! This is my 1st comment here so I just
    wanted to give a quick shout out and tell you
    I genuinely enjoy reading through your articles.

    Can you suggest any other blogs/websites/forums that go over
    the same subjects? Thank you so much!

  • Disqus ( )