America’s imports of garments between January 2022 to September 2022 increased by 34 per cent. However imports in September 2022 fell compared to imports in August 2022. Though the import value fell in September, it is still the second highest in 2022.
All major Asian apparel exporting countries have seen significant increases in their shipment to the US during January to September. China is still the largest supplier to the US though its share in the US market has shrunk to 22 per cent in 2022 compared to 2021.Vietnam, Bangladesh, India and Indonesia increased their shipments to the US by 34 per cent, 51 per cent, 53 per cent and 54 per cent respectively.
With just one quarter left in 2022, all eyes are on the festive season that is said to be a season when retailers will plan to sell all the piled-up inventories. US imports of garments from January 2022 to August 2022 increased by 37 per cent. Import values in August 2022 were 11 per cent higher than imports done in July 2022. Most big retailers in the US are holding back new inventories and are not placing fresh orders in their partner factories located worldwide.
By Fashionating World