U.S. Imports Of Chinese Clothing Rose 11% In October

In the same month, U.S. clothing imports increased by 5.3% year-on-year, as China's clothing imports surged by 11.2%. In the previous 11 months, China's imports of clothing remained in double-digit decline. In terms of the amount of money, China's clothing imports fell by 11% year-on-year in October, while the total imports of us clothing fell by 6.8%.

 

In terms of quantity, clothing imports from Bangladesh and Cambodia increased by 17.3% and 16.3% respectively in October. In terms of the amount, it increased by 1.9% and 7.5% respectively.

 

Although the import volume of Chinese clothing increased in October, the cumulative import volume from January to October still decreased by 27.7%, with a decrease of 42% in terms of value. Compared with a year ago, China's share of us clothing imports fell from 30.6% to 23.7% in value terms. Vietnam increased from 16.1% to 19.8%.

 

From January to October, the unit price of China's clothing import fell by more than 20%, and the import grade of American clothing to China began to decrease significantly. In addition to the epidemic situation, the United States has also been adversely affected by the imposition of tariffs on China's clothing imports. The next US administration is not expected to lift tariffs on China immediately before negotiating a new trade agreement.