China' s share in US textile and apparel imports slipped by 7% through May this year
The latest data showed that US textile and apparel imports value in May 2022 increased to 11.513 billion USD, up by 29.7% year-on-year. The imports volume reached 10.65 billion m2, up by 42.2% year-on-year. US apparel imports value in May 2022 rose sharply to 8.51 billion USD, up by 38.5% year-on-year, and the imports volume reached 2.77 billion m2, up by 21.6% year-on-year.
The US textile and apparel imports volume from China in May 2022 moved up to 2.89 billion m2, up by 0.9% year-on-year. The imports value reached 2.49billion USD, up by 20.5% year-on-year. US apparel imports value from China in May 2022 rose to 1.59 billion USD, up by 37.3% year-on-year, and the imports volume reached 850 million m2, up by 20% year-on-year. Compared with 2019, the total imports value from China decreased by 14.6%, while the total i imports value increased by 24.6%.
In addition, from the market shares in US textile and apparel imports in Jan-May 2022, China' s share in US textile and apparel imports has shrunk from 28.4% to 21.6%, while Vietnam' , Cambodia' , India' and Indonesia' shares in US textile and apparel imports have not changed much.
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