The U.S. has cut its imports of ready-made clothing by nearly a quarter

U.S. retailers and brands have cut imports of foreign-made apparel by nearly a quarter this year. As a result, exports of top exporting countries such as China, Vietnam, Bangladesh, India and Indonesia have decreased in this market. Among these five countries, the exports of China, Vietnam and Indonesia have decreased the most.

Such information was obtained from the updated statistics of the Office of Textiles and Apparel (OTEXA) of the US Department of Commerce. It can be seen that in the first four months of this year (January-April), the United States imported 2,521 billion dollars worth of ready-made garments from various countries. Compared to the same period last year, this import is about 22.15 percent less. At this time last year, US retailers and brands imported $3,239 million worth of apparel.

According to Atexa data, China exported $4.52 billion worth of ready-made garments to the US market in the first four months of this year. During the same period last year, the country’s exports were 6.69 billion dollars. Accordingly, from January to April of this year, exports to China decreased by 32.45 percent. During this period, Vietnam’s exports of manufactured garments decreased by 27.33 percent. In the first four months of this year, the country exported $437 million worth of ready-made garments. Their exports during the same period last year were 601 million dollars.

The United States is the largest market for Bangladeshi-made garments. Last year, entrepreneurs of Bangladesh exported 9.72 billion dollars worth of ready-made garments to this market. In contrast, in the first four months of this year, ready-made garments worth 2.7 billion dollars were exported. Compared to the same period last year, this export is 17.88 percent less. Garments worth $3.28 billion were exported from January to April last year.

On the other hand, in the first four months of this year, India exported 175 million dollars worth of ready-made garments to the US market. The country’s exports decreased by 16.59 percent. Apart from this, the export of Indonesia’s manufactured garments to the US market has decreased by 25.57 percent. In the first four months of this year, the country exported $1.51 billion worth of garments.

After the Russia-Ukraine war broke out last year, US inflation continued to rise. The country’s inflation stood at 9.1 percent in June last year, the highest in 40 years. As a result, the consumers of the country reduce the purchase of products other than daily commodities and fuel. Although the country’s inflation is coming down. Last April, their inflation came down to 4.9 percent. As a result, the entrepreneurs of the garment industry of Bangladesh believe that the purchase order of clothes made from the country may increase from the next summer season.

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