Overall imports fell by 4.2% from May and 16.7% from the previous year.
In June, imports of textiles and apparel experienced a decline following several consecutive months of growth. The combined volume of textile and apparel imports in June reached 8.43 billion square meter equivalents (SME), indicating a 4.2 percent drop from May and a significant 16.7 percent decline from the corresponding period of the previous year.
• Textile imports amounted to 6.38 billion SME, registering a 6.3 percent decrease compared to the previous month and a 13.2 percent decrease from the previous year.
• Apparel imports stood at 2.05 billion SME, revealing a 3.0 percent rise from May but a substantial 25.9 percent decrease from the previous year.
Cumulatively for the year until June, imports of textiles and apparel totalled 44.8 billion SME, marking a notable 21.4 percent reduction from the previous year's figures. Within this, textile imports accounted for 33.2 billion SME, representing an 18.0 percent decrease, while apparel imports experienced a significant decline of 29.7 percent, reaching 11.6 billion SME.
Considering the one-year period ending in June, the overall import volume dropped by 15.2 percent, amounting to 93.6 million SME. During this period, textile imports decreased by 13.3 percent to 67.4 billion SME, while apparel imports exhibited a substantial decline of 19.9 percent, reaching 26.2 billion SME.
By Fashionating World
https://www.fashionatingworld.com/new1-2/us-textile-apparel-imports-decline-in-june