The cheapest supplier became the biggest loser
China supplied the lowest-valued apparel among the United States’ major sourcing partners in the first five months of ****. It also suffered the steepest fall.
Latest OTEXA (Office of Textiles and Apparel) data show US apparel imports from China dropped **.* per cent year on year to about $*.** billion in January–May. China’s average declared import value fell to $*.** per square-metre equivalent (SME), against $*.** across all origins. It was therefore **.* per cent below the market average.
According to TexPro, the break was already unmistakable before May. US apparel imports from China fell from $**.** billion in **** to $**.** billion in ****, cutting its value share from **.* per cent to **.* per cent. In Q* ****, imports plunged another **.* per cent to $*.** billion and China’s share dropped to **.* per cent.
