After returning to their pre-crisis level and driving the global recovery in 2022, US textile-clothing imports slowed down by 22.7% in the first half, to 51.3 billion dollars (46 .9 billion euros).
This decline affects all the supplier countries of the United States, starting with China (-28.40%), with 11.3 billion dollars worth of goods imported over this semester. And the falls are barely less for its main challengers which are Vietnam (-26.18%), India (-23.9%), Bangladesh (-24.1%) and Indonesia (-27 .5%).
Next supplier in the ranking, the European Union manages to limit the drop in its exports to the USA to -3.5%, with 2.7 billion dollars worth of goods. Only neighboring Mexico (-3%) and Italy (-0.7%) also escaped a sharp decline.
This slowdown in orders follows the strong acceleration that they had experienced in 2022, returning over the financial year to the levels before the health crisis. A dynamism that had driven the global recovery of the textile sector, noted the French Fashion Institute. The authority notes that, something unprecedented, American imports of textile-clothing had exceeded European imports.
This decline in American imports also occurs in a context of consumption more measured by Americans, in the face of the inflation which punctuated the end of 2022 and the first half of 2023. Consumers “remain cautious and concerned about the environment current economy”, summed up the National Retail Federation (NRF) in May. Principals would in fact rely on caution to avoid unsold stock and losses.
The United States had imported $132 billion worth of textiles and clothing in 2022, against $113 billion a year earlier, a level then far from the $127.7 billion known for the 2019 financial year.
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2023-08-24 01:08:44
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