U.S. Garment Imports Begin To Recover In The First Quarter
According to U.S. Customs statistics, in the first quarter of 2018, U.S. apparel imports began to recover, with U.S. apparel imports from China rebounding and double-digit growth from imports from Cambodia.
In the first quarter of 2018, the amount of U.S. apparel imports increased by 1.7% year-on-year, of which imports of clothing from China increased by 3.8% year-on-year, and imports from Vietnam increased by 1.7% year-on-year. In terms of amount, the U.S. clothing imports from Vietnam increased by 3.3% year-on-year, while the imports from China increased by 0.9% year-on-year. This is in line with the 1.6% increase in the unit price of Vietnam's clothing exports in the first quarter and the 2.8% decrease in China's clothing prices. .
Since 2018, the Indonesian economy has continued to decline. In the first quarter, the amount of clothing imported from Indonesia by the United States decreased by 8.3% year-on-year; while the number of garment imports from Cambodia saw double-digit growth for the second consecutive quarter. In U.S. dollars, the amount of U.S. apparel imports from Central America in the first quarter increased by 1.8% year-on-year.
