The United States witnessed a significant decline in textile and apparel imports in February 2023, reaching a new low since June 2020. The import volume of textiles and apparel stood at 5.78 billion square meters, representing a 28.3% decline year-on-year and a 15.3% decline month-on-month. The import value amounted to $7.99 billion, reflecting a 20.1% YoY and 16.8% MoM decrease.

The decrease in imports can be attributed to the high inflation and living costs that have limited people's spending on non-essential consumer goods such as clothing. Furthermore, the stocks of U.S. textile and apparel companies were already high, resulting in lower imports of these products.

China's share of U.S. apparel imports has been decreasing and was below 40% since November 2021. In February, the total amount of textile and apparel imported from China was 1.98 billion square meters, reflecting a 31% YoY decline, and a value of $1.71 billion, down 33.2% YoY.

The imports of apparel from China stood at 560 million square meters, indicating a 41.2% YoY decrease, with a value of $1.09 billion, reflecting a 35.4% YoY decline.

By Fashionating World
https://www.fashionatingworld.com/new1-2/t-a-imports-to-us-plummet-28-3-yoy-in-feb-2023