USA Trade Data Report (Jan to Dec 2017)

USA APPAREL IMPORT TRADE DATA January to December 2017

2017: China’s dominance to decline in US apparel imports; India and Vietnam to gain significantly January to December 2017*

Introduction The US is projected to improve significantly in volume-wise apparel imports in the year 2017. In addition, the country might put a pause on the rising import values by 0.68% on Y-o-Y basis. China’s reign as the apparel powerhouse to the US will witness a dent, as the biggest sourcing destination in the world might fail to see positive change in the values of exported apparels to the US. Staying competitive in the global apparel market and reducing unit prices cause a setback for China. India and Vietnam, on the other hand, are likely to gain positivity in both volume and value of apparel import to USA during January to December 2017 period, while Bangladesh will stay behind these two countries in terms of percentage growth with (-) 0.47% drop in volumes and (-) 4.26% decrease in values.

Analysis • Import by USA – The cumulative apparel import data of the US will rise until the end of 2017 as per the projection. The country might note a 1.04% rise in volume terms during the January to December 2017 period as per our projection.

The largest apparel importer in the world is likely to import 27,164.17 million SME of apparels during the review period as against 26,927 million SME in the prior-year period. Further, the country might fall by 0.68% in value terms on the Y-o-Y basis. The UVR for the said period is predicted to be US $ 2.95 as against US $ 3.00 in the same period last year.

• Export from China – China will continue to be the top apparel exporter to the US during 2017. As per the available data from January to October period China noted a surge in volume of exports by 1.93% however the country dropped the unit prices of apparel to stay competitive in the global market. China will keep surging in volume-wise apparel exports to the US for remaining two months of the year too. Our prediction indicates by December 2017, China will export apparels to the US worth US $ 27.04 billion with a drop of 3.14% on Y-o-Y basis.

• Export from Vietnam – Vietnam is touching new heights in its apparel exports to the United States as the country is set to clock US $ 11.43 billion (up 5.79%) from its apparel exports in the year 2017 ending 31st December.

• Export from Bangladesh – All through 2017 Bangladesh’ apparel exporters faced the challenges such as the fluctuation in the currency value (appreciation of Taka against US dollar), longer shipping time, rise in production cost and safety issues which pushed the country towards the declining trend in the US clothing market. Bangladesh is projected to export apparels to the US market worth US $ 5.08 billion with a notable drop of 4.26% on Y-o-Y basis in the review period.

• Export from India – Despite imposition of GST (Goods and Services Tax), India is likely to see a marginal surge of 1.79% (with export value of US $ 3.70 billion in 2017 as against US $ 3.64 billion in 2016) in its apparel exports value to the United States. However, the country might decline in the Rupee terms. India and Vietnam are the only countries in top 5 exporters to the US who might see the positive change in the exports value in 2017.

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Global Apparel Imports by the US: Jan.-Dec. 2017* Change in Quantity

Change in Value

0.88%

Change in UVR

0.68%

1.67%

Change in Quantity Cotton

2.27%

MMF

Wool

12.11%

3.60%

Silk & Veg

0.18%

Change in Value Cotton

2.23%

Wool

MMF

10.94%

2.04%

[The information has been extracted from US custom site and further analyzed.] * Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative

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Silk & Veg

9.06%

Infographics (USA) Top 3 product categories imported

by USA

MMF apparel import by USA

2.04%

T-SHIRTS

LEGWEAR

TROUSERS

Volume (-0.93%)

Volume (4.66%)

Volume (3.25%)

Value (1.08%)

Value (2.40%)

Value (0.10%)

Value rises

3.60%

Volume rises

Fact: Total number of sewers in USA (approximately)

UVR change in apparel imported

by USA (three-years comparison)

64 million

Jan.-Dec.'17 US $ 2.95 Jan.-Dec.'16 US $ 3.00

Value-wise share to USA by Top 4 apparel exporters (Jan.-Dec. ’17)*

Jan.-Dec.'15 US $ 3.13

33.74%

Month-wise US apparel import trend Jan-17

6.98

Feb-17

6.12

Mar-17

5.82

Apr-17

5.63

May-17

6.11

Jun-17

6.57

Jul-17

7.73

Aug-17

14.26%

8.23

Sep-17

7.55

Oct-17

7.66

Nov-17*

6.33%

6.10

Dec-17*

India

5.68 0

1

2

3

4

5

6

7

4.62%

8

9

10

(Value in US $ billion)

China

* Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative

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Vietnam

Bangladesh

India

Infographics

(China, Vietnam, Bangladesh and India) Comparison b/w India and Bangladesh (T-shirt exports to USA)

Comparison b/w Bangladesh and Vietnam (Trouser exports to USA)

India Volume 4.43%

Bangladesh Volume 3.86%

Value 3.93%

Bangladesh

Vietnam

Volume -1.08%

Volume 14.24%

Value

-2.45%

Comparison b/w China and Vietnam (Undergarment exports to USA)

Value

10.10%

Bangladesh Volume Value -11.15% -13.72%

Value 5.78%

Vietnam Volume 3.24%

-1.21%

Comparison b/w Bangladesh and China (Men’s Shirt exports to USA)

China Volume 4.20%

Value

China Volume -6.88%

Value 1.91%

(For detail information on product-wise import export, refer to the tables on Page no. 7) * Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative

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Value

-8.55%

* Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative

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Total apparel exports to the US by 6 major manufacturing destinations - Jan.-Dec.'17* (Qty in mn SME & Value US mn $) Jan.-Dec. 2016

Jan.-Dec. 2017 (*)

Total global apparel imports by the US - Jan.-Dec.'17* (Qty in mn SME & Value in US mn $)

% Change (*)

Jan.-Dec. 2016

Countries Qty

Value

Qty

Value

Qty

Value

India

1044.238

3640.269

1079.34

3705.26

3.36

1.79

Bangladesh

1862.265

5305.668

1853.43

5079.79

-0.47

-4.26

China

11174.81

27922.015

11358.55

27046.11

1.64

-3.14

Pakistan

534.705

1262.393

528.53

1274.53

-1.16

0.96

Sri Lanka

470.993

1967.302

467.62

1958.01

-0.72

-0.47

Vietnam

3352.373

10807.961

3586.54

11434.13

6.99

5.79

Jan.-Dec. 2017 (*)

% Change (*)

Type of Apparel Qty

Value

Qty

Value

Qty

Value

11771.99

38224.046

11504.95

37371.10

-2.27

-2.23

Wool

192.363

3282.211

169.07

2923.09

-12.11

-10.94

MMF

14652.29

37991.745

15180.37

38765.63

3.60

2.04

310.352

1215.831

309.79

1105.67

-0.18

-9.06

26927.00

80713.83

27164.17

80165.50

0.88

-0.68

Cotton

Silk & Veg

Total

Item-wise quantity increase/decrease in apparel imports by the US: Jan.-Dec. ’17* (Qty in doz, legwear in dpr, babieswear in kg) Exports to US

Total Imports by US China

APPAREL TYPE

India

Bangladesh

Vietnam

2016

2017*

% Change

2016

2017*

% Change

2016

2017*

% Change

2016

2017*

% Change

2016

2017*

% Change

113,954,876

117,950,283

3.51

54,839,888

58,220,736

6.16

8,025,435

8,022,555

-0.04

11,089,893

10,404,176

-6.18

9,394,530

11,055,410

17.68

Foundation Garments

56,974,367

59,583,065

4.58

32,134,885

32,386,496

0.78

1,708,898

1,602,492

-6.23

3,612,674

4,058,046

12.33

2,674,996

4,646,929

73.72

Jackets & Blazers

46,985,824

46,613,258

-0.79

18,324,668

18,226,123

-0.54

662,741

829,433

25.15

2,336,907

2,283,942

-2.27

7,680,354

7,790,041

1.43

Ladies Blouses

55,769,282

54,525,706

-2.23

22,979,284

21,743,135

-5.38

8,223,359

7,715,071

-6.18

3,185,632

2,951,914

-7.34

7,890,521

8,589,855

8.86

Ladies Dresses

58,970,606

58,902,686

-0.12

28,475,025

28,179,834

-1.04

4,259,919

4,632,107

8.74

1,730,791

1,493,505

-13.71

10,378,623

11,009,947

6.08

Ladies Skirts

14,797,417

12,182,709

-17.67

5,706,041

4,973,562

-12.84

671,463

578,427

-13.86

1,060,454

833,946

-21.36

3,269,791

2,729,754

-16.52

Babieswear

Legwear

332,161,873

347,646,819

4.66

206,471,931

224,882,151

8.92

2,771,342

4,055,691

46.34

73,553

31,975

-56.53

2,768,282

3,479,080

25.68

Men's Shirts

42,776,378

40,920,468

-4.34

8,953,568

8,337,442

-6.88

3,133,962

3,723,160

18.80

12,356,714

10,978,857

-11.15

4,590,698

4,785,180

4.24

Nightwear

52,158,025

52,877,672

1.38

31,679,078

32,168,985

1.55

3,127,445

2,985,073

-4.55

1,790,650

2,130,559

18.98

4,871,086

5,107,435

4.85

Suits / Ensembles

12,318,920

11,743,066

-4.67

6,038,673

5,827,870

-3.49

564,761

597,417

5.78

242,817

138,248

-43.06

2,143,085

2,136,711

-0.30

Sweaters

18,104,829

16,454,017

-9.12

14,791,621

13,114,212

-11.34

49,148

55,228

12.37

1,147,951

1,103,252

-3.89

375,022

369,878

-1.37

Trousers

285,610,882

294,899,808

3.25

81,980,955

85,545,333

4.35

5,064,488

3,196,437

-36.89

42,630,774

44,276,568

3.86

45,077,470

51,494,293

14.24

T-Shirts

560,365,769

555,155,135

-0.93

104,398,229

102,405,943

-1.91

23,037,628

24,058,278

4.43

20,789,044

20,564,332

-1.08

75,893,418

77,572,207

2.21

Undergarments

264,092,295

262,038,097

-0.78

50,619,944

52,747,603

4.20

17,760,329

17,766,751

0.04

25,418,008

27,153,853

6.83

46,344,639

47,844,081

3.24

Item-wise value increase/decrease in apparel imports by the US: Jan.-Dec. ’17* (Value in US mn $) Exports to US Total Imports by US China

APPAREL TYPE

India

Bangladesh

Vietnam

2016

2017*

% Change

2016

2017*

% Change

2016

2017*

% Change

2016

2017*

% Change

Babieswear

2,314.22

2,315.67

0.06

1,065.56

1,057.41

-0.77

165.48

148.81

-10.08

204.83

232.37

Foundation Garments

2,580.10

2,691.47

4.32

1,202.14

1,133.59

-5.70

126.50

112.30

-11.23

77.04

92.99

Jackets & Blazers

6,834.56

6,634.79

-2.92

3,200.34

3,090.85

-3.42

91.19

105.45

15.63

329.18

Ladies Blouses

3,666.73

3,562.94

-2.83

1,384.97

1,292.49

-6.68

615.54

590.44

-4.08

176.83

Ladies Dresses

4,917.89

4,806.98

-2.26

2,289.49

2,149.06

-6.13

392.39

422.50

7.67

914.55

761.19

-16.77

326.50

280.04

-14.23

54.12

46.20

-14.63

Legwear

1,958.47

2,005.46

2.40

1,137.57

1,168.23

2.69

18.23

19.11

4.83

Men's Shirts

3,496.98

3,294.32

-5.80

777.51

711.00

-8.55

244.17

262.83

7.64

Nightwear

2,270.76

2,268.86

-0.08

1,346.06

1,339.18

-0.51

109.80

112.43

2.40

Suits / Ensembles

1,215.08

1,097.17

-9.70

291.16

263.49

-9.50

61.64

67.66

9.76

Ladies Skirts

2016

2017*

% Change

13.44

211.32

239.48

13.33

20.71

150.48

309.75

105.84

311.72

-5.30

1311.79

1,277.79

-2.59

156.09

-11.73

424.06

452.72

6.76

65.83

59.21

-10.05

699.51

715.47

2.28

42.88

34.71

-19.04

174.99

142.22

-18.73

0.70

0.18

-74.29

14.77

16.77

13.56

711.58

613.95

-13.72

368.77

381.68

3.50

55.67

58.55

5.16

230.57

234.17

1.56

17.36

10.20

-41.26

167.42

142.96

-14.61

Sweaters

1,850.91

1,650.61

-10.82

1,485.94

1,279.91

-13.87

28.70

28.09

-2.13

44.13

43.59

-1.22

21.88

26.12

19.40

Trousers

17,869.03

17,886.70

0.10

4,517.70

4,418.73

-2.19

363.00

354.47

-2.35

2,385.65

2,356.73

-1.21

2669.57

2,939.12

10.10

T-Shirts

20,496.37

20,717.31

1.08

4621.182

4,516.23

-2.27

917.56

953.58

3.93

584.35

570.04

-2.45

3167.82

3,303.28

4.28

3,845.93

3,793.81

-1.36

794.30

840.20

5.78

302.09

310.23

2.70

285.86

291.59

2.00

549.54

560.06

1.91

Undergarments

* Data from Jan.-Oct. ’17 is officially available, whereas data for Nov.-Dec. ’17 is tentative

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