US imports of denim increased 28 per cent in October 2021 compared to a year earlier. As per Commerce Department’s Office of Textiles & Apparel (OTEXA) data, imports from Mexico grew 43 per cent. Shipments from countries of the Central American Free Trade Agreement (CAFTA) rose 29 per cent, led by a 30 per cent from Nicaragua and a 22 per cent gain from Guatemala. Columbia contributed with a 30 per cent rise. Denim imports from Vietnam remained tepid with a four per cent rise. Top supplier Bangladesh rolled along with a 31 per cent increase in the month while China saw a 17 per cent gain. Imports from Pakistan jumped 51 per cent, Cambodia rose 18 per cent and Sri Lanka was up 43 per cent. Jeans imports from Turkey increased 61 per cent in October 2021. October increases were posted by Lesotho, Madagascar, India, Macau, Italy and Japan. Declines were seen from Jordan, Ethiopia, Kenya and Tanzania.
CAFTA and US co-production for textiles and apparel supports more than a million jobs and $12 billion in two-way trade. Onshoring and nearshoring are underway, with key CAFTA countries seeing exports up anywhere from 33 per cent to 56 per cent, outpacing even major Asian exporters, a sign that the trade agreement’s existing rules are effective .
By Fashionating World
https://www.fashionatingworld.com/new1-2/us-october-denim-imports-rise