During the first half of 2022, the USA sourced garments worth US $ 49.58 billion, noting 40.14 per cent yearly growth.
The demand for clothing in the country outpaced the growth attained in the same period of 2021 signaling the minimal impact of inflation on the consumers’ spending on garment products.
Particularly in June ’22, the imports valued US $ 8.64 billion, up 40.30 per cent on Y-o-Y basis, while the growth noted on monthly basis over May ’22 was 1.52 per cent.
As per OTEXA data, analysed by team Apparel Resources, top six Asian countries (China, Vietnam, Bangladesh, India, Indonesia and Cambodia) together supplied US $ 32.82 billion worth of garments to USA in H1 ’22, which is 66.20 per cent of total import values of the USA.
China remained the top shipper to the USA in the period with US $ 10.25 billion worth of apparel exports, growing by 40.15 per cent on yearly basis.
Vietnam shipped US $ 9.19 billion worth of apparels to USA in H1 ’22, noting 35 per cent yearly growth, while Bangladesh (US $ 5.02 billion) and India (US $ 3.20 billion) upped their shipment by 60.30 per cent and 57.27 per cent, respectively.
Indonesia stayed on fifth position and couldn’t surpass India despite a flurry of orders the country has witnessed in 2022. The South-East Asian nation shipped US $ 3 billion worth of garments to USA, noting 60.27 per cent yearly jump.
