The United States has tapped growth once again in its volume-wise apparel imports during the January-September period this year. The country’s imports were up by 1.06 per cent.
The apparel buyer imported 20614.92 million SME of apparels during the review period as against 20399.62 million SME in the prior-year period.
Further more, the US noted a fall in the value of apparels imported by 1.39 per cent on the Y-o-Y basis.
The UVR during the January-September period was US $ 2.94 as against US $ 3.02 in the same period last year.
The top five apparel exporting countries to the US were China, Vietnam, Bangladesh, Indonesia and India.
The apparel imports have continued to rise from manufacturing hubs like Vietnam (up by 9.29% volume-wise). Shipments from India also increased strongly (by 2.59%).
The upcoming holiday season is said to be the key reason for the increase. Thanks giving followed by Christmas in November and December months are about to knock the door.
The holiday rush is expected to further push the US’ imports. “A 3.6-4 per cent retail sales growth is projected in the shopping season this year,” says National Retail Federation (NRF).