USA has imported US $ 78.85 billion worth of garments in January to September period of 2022, noting 34.61 per cent yearly increase, as per data recently released by OTEXA.
Particularly in September ’22, the USA imported US $ 9.58 billion worth of garments, down from August when imports valued US $ 10.36 billion.
Though the import value shrunk in September, it is still the second highest in 2022!
All major Asian apparel exporting countries have seen significant increase in their shipment to USA during the said period.
China, with US $ 17.73 billion worth of exports, is still the largest supplier to the USA, though its share in the US market has shrunk to 22.48 per cent in 2022 from 23.42 per cent in 2021.
Vietnam (US $ 14.59 billion), Bangladesh (US $ 7.55 billion), India (US $ 4.63 billion) and Indonesia (US $ 4.44 billion) increased their shipments to the USA in 9-month period of 2022 by 34.68 per cent, 51 per cent, 53.38 per cent and 54.66 per cent respectively.
With just one quarter left (October-December) in 2022, all eyes are on the festive season that is said to be a season when retailers will plan to sell all the piled-up inventories.
