In Feb 2022, US apparel imports stood at US$ 7.5 billion which is 39% higher than in Feb 2021. On YTD basis, the imports are 38% higher than 2021.
China’s share in the US market has reduced by 6% since 2019, whereas Vietnam’s and Bangladesh’s share has gone up by 2% and 3%, respectively.
India and Indonesia are seeing good growth and have seen increase in share by around 1% since 2019.
In the EU apparel market, China, Bangladesh and Turkey’s shares have increased by 1%, 1% and 2%, respectively since 2019.
Japan’s apparel imports stood at US$ 1.7 billion in Feb 2022, which is 15% lower than in Feb 2021.
On YTD basis, imports are 3.6% lower than 2021.
In Japan’s apparel imports, Bangladesh’s and Cambodia’s share increased by 2% and 1%, respectively whereas that of Vietnam declined by 1% compared to 2019.
In India’s apparel export basket, USA’s share has increased by 7% whereas UAE’s and UK’s share has declined by 3% and 1%, respectively. In Mar 2022, India’s exports showed no growth as compared to Mar 2021, however, on YTD basis the exports are 12% higher than 2021.