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Tariffs fail to dent US apparel imports from China

Tariffs fail to dent US apparel imports from China

US tariffs on China have so far failed to dent apparel imports, with data showing China’s market share for Asia-sourced clothing to the United States was unchanged between 2017 and 2018.

Vietnam, meanwhile, has steadily, albeit slowly, increased its apparel market share for US imports in recent years, according to data from PIERS, a sister product of JOC.com within IHS Markit.

China had 56.5 percent of market share for US apparel imports from Asia last year, essentially unchanged from 56.6 percent in 2017. Volumes were noticeably higher, however, with China sending 428,182 TEU to the US last year, up almost 6 percent from 404,288 TEU the year prior.

Vietnam’s market share for US apparel sourced from Asia rose to 21.3 percent in 2018, marginally higher than 20.1 percent in 2017; its market share has risen about a percentage point annually over the past five years. Volumes were up 12.5 percent year over year, to 161,171 TEU.

Container carrier partnerships in the eastbound trans-Pacific are responding to Vietnam’s growing export and import markets by adding new direct links between the country and the US West Coast. Vietnam’s footwear imports to the US have almost doubled in the past five years, while its market share for US footwear sourced from Asia has risen to 24.2 percent.

Indonesia, the third-largest Asian apparel exporter to the US, saw its market share slip by a half-percentage point to 7.5 percent last year on volumes of 57,763 TEU.

The US sourced a total of 758,050 TEU of apparel from Asia last year, up from 713,875 in 2017, the data showed.

Source: JOC

Photo credit: Shutterstock.com

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