Apparel / Textiles & Accessories

According to customs data, from January to September this year, US clothing imports increased by 16.9% year on year, while China's share declined, benefiting several low-cost manufacturing countries in Asia.

From January to September, due to the transfer of US procurement from China to other countries, customs data showed that the US clothing imports from Asian countries increased significantly year on year, with Cambodia increasing by 24%, Indonesia by 40%, India by 30%, Bangladesh by 40% and Sri Lanka by 24%. Customs data show that Vietnam's growth is relatively small, but the reason is that the starting point last year was too high.

According to customs data, from the perspective of cotton garments, the United States' imports to China decreased by 2.4% year on year, while its imports to other Asian countries increased. China is still the largest source of cotton garment imports, accounting for 20%, followed by Vietnam (19.9%) and Bangladesh (15.5%), which obviously challenges China's position in American garment imports.

Among cotton tatting clothing, Bangladesh has the largest market share in men's clothing and India has the largest market share in women's clothing. In the cotton trousers series, Bangladesh also ranked first in market share, followed by China and Vietnam. According to customs data, China dominates chemical fiber clothing, accounting for 45%, and Vietnam 17%. In the 639 project (women's and girls' chemical fiber knitted shirts), Vietnam accounted for 20.6%, and China accounted for 29.7%. Among the chemical fiber trousers, Vietnam is already the number one source of supply.

In terms of unit prices, the unit prices of China and Vietnam have risen in double digits, but many product lines from other regions have declined, partly because of the decline in currency exchange rates.