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[US clothing imports: China's clothing imports fell by half in the first half of the year]
Release date:[2020/9/7] Read a total of[96]time

千亿棋牌In the first half of this year, the United States suffered more losses in clothing imported from China than imports from other sources. Due to the sharp drop in average prices, the quantity of imported Chinese clothing is relatively strong.


千亿棋牌   The US apparel import market has been disrupted by the new crown epidemic and experienced the most dramatic changes in history in the first half of this year. Although expected, the decline in imports of Chinese clothing is still alarming. According to statistics, in the first half of this year, US clothing imports from China fell by 49% in terms of value, while clothing imports from Vietnam only fell 11.1%, and even the price of clothing imported from Cambodia rose 3.4%. Other countries have also been hit hard, such as India (-32.1%), Indonesia (-20.3%) and Bangladesh (-19.7%).


   The export price of Chinese clothing has dropped sharply, while most other countries have remained stable. In U.S. dollars, the average unit value of Chinese goods dropped by 17.6% from the same period last year. In contrast, the unit price of Vietnam's imports rose by 2.4%. The fall in Chinese prices reflects the shift of American buyers to low-value products to limit their departure from China. The number of clothing imports from China fell by only 38.2%, while imports from Vietnam fell by 13.2%. China is more flexible in the lower-priced man-made fiber category than in the more expensive cotton apparel category.


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