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US May textiles and apparel imports up 22 per cent

  

US textile and apparel imports were up 22.6 per cent in May 2021 compared with the same period in 2019, reveals CCF Group stats. Both US apparel imports volume and value moved up sharply year-on-year and month-on-month but they were close to or lower than the level in 2019. Therefore, the import volume and value did not recover to the level in the same period of 2019.

In May, US textile and apparel import average unit price decreased compared with the previous month. From May 2020 to May 2021, the average unit price has been in shock, with a certain regularity. In May 2021, the average unit price continued to decline month-on-month. The unit price of US textile and apparel imported from China has dropped greatly since the second half of 2019. The sharp decline in average unit price may be due to dropping price of China's export commodities, on the one hand, and the change in the commodity structure of US textile and apparel imported from China, on the other hand.

From January to May, the proportion of US textile and apparel imported from China decreased by 1.6 percentage points and 6.4 percentage points compared with the same period in 2019, and the volume and value of apparel also dropped.

 
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