Ranking Of Countries In Apparel Exports To US
Volume wise also, China remains at the top with 950 mn meter square in June 2017 as compared to 953 mn in June 2016, with a slight drop of 0.35%. Vietnam gains second position with 296 mn sqm to the U.S., seeing a good increase of 5.32% as compared to last year. India’s volume saw a decline of around 8.61% in volume to the U.S. In fact, except Indonesia and Vietnam, all countries saw a drop in volume to the U.S. This indicates a shift in the sourcing pattern of the U.S., which is actually moving towards countries with FTAS and better accessibility and prices. The effect of elected President Trump is also evident as the U.S. might be reducing its dependence on China for sourcing.
Continuing to make headway despite the failure of TPP, Vietnam’s apparel shipments to the U.S. grew by 5.52% to $5.4 billion in the period, gaining a percentage of U.S. apparel import market share. China has lost the most in share of U.S. apparel imports in the period, down 0.6 percentage points to 30.9%. Bangladesh also lost share, with apparel shipments to the U.S. down by 5.5% in the first six months of 2017, to 6.9% of total U.S. apparel imports.
China, Vietnam, Bangladesh, Indonesia and India are the top five apparel exporters in value terms to the U.S. during the period under review. Honduras,
one of the major apparel exporters to the U.S. – has now come down to the seventh spot. However, among all top five exporters, only Vietnam grew in value as the country saw a rise in exports by 8.16% during the first four months of the year. China, Bangladesh, Indonesia and India were down by 3.45%, 6.30%, 2.99% and 3.27% respectively.
Nine out of ten top apparel exporting nations of the world experienced negative growth in shipment to the U.S. in 2016. Only Vietnam’s apparel exports increased 0.30% year-on-year in 2016.
Bangladesh’s readymade garment exports to the United States fell by 6% in the first three months of the current calendar year. Bangladesh now faces an export duty of 15.62% under America’s most favoured nations category.
Despite the potential benefit of using FTAS, data from the Office of Textiles and Apparel show that 85.7% of U.S. T&A imports came from non-fta regions in 2016. Interesting enough, although more FTAS have taken effect in the United States, T&A imported under FTA as a percent of total T&A imports dropped from 15.1% in 2008 to 14.3% in 2016. Among the FTAS in force, the North American Free Trade Agreement (NAFTA) and the Dominican-republic-Central America Free Trade Agreement (CAFTA-DR) altogether accounted for 75.9% of the value of total U.S. T&A imports under FTAS in 2016.
India exports various product categories to the U.S., some of the major items including baby suits, babies garments, cotton dresses, knitted shirts, cotton blouses, cotton skirts, cotton trousers and underwear. As compared to June 2016, maximum growth was seen in cotton blouses with 13.03% growth as compared to June 2016. Baby suits saw a growth of around 8.43% with a total of USD 21.191mn baby suits exported , followed by cotton dresses with 4.63% increase. All other categories posted negative growth.
If we analyse the figures from 2015 to 2016, India has seen a drop of around 1.2% in exports to the US. The categories that have remained strong for India are (611030- Jerseys, pullovers, cardigans, waistcoats and similar articles) which saw growth of 18% from 2015-16. Then brassieres of all types of textile materials, whether elasticated or not, saw 17.9% growth. Babies garments and clothing accessories that include cotton and knitted in category 611120 also saw growth of 2.6%. Ladies wear has always been a strong category for Indian exporters and the same is reflected in the figures. India posted 11.1% growth in ladies blouses, shirts, shirts blouses of man- made fibres that fall in category 620640. Also, India has the highest share in this segment with 15.9% as per the UN Comtrade data 2017.
india exported garments worth usd 1999.75 mn to the u.s. until June 2017. While in 2016 it exported garments worth usd 3640.26, it was usd 3665.39 mn in 2017. Other major products that were exported to the u.s. were yarn (usd43.82 mn), fabrics (usd191.7 mn) made-ups, (1669.86 mn) cotton products (usd26.49 mn) , cotton apparel (1328.76 mn) and wool products (237.78 mn).