US Apparel And Home Retail Sales And Imports, February 2024

Textile and apparel: in January, the United States imported 9.84 billion U.S. dollars of textile and apparel, a year-on-year decline of 12.5 per cent, narrowed by 0.6 percentage points compared with December last year.
Imports from China 2.94 billion U.S. dollars, an increase of 3.7%, for the first time since China's imports fell for 16 consecutive months after the growth; accounted for 29.9%, an increase of 4.6 percentage points.
Imports from Vietnam 1.36 billion U.S. dollars, down 5.3 per cent; accounting for 13.8 per cent, an increase of 1 percentage point.
Imports from India 780 million U.S. dollars, down 24.1 per cent; accounted for 7.9 per cent, a decrease of 1.2 percentage points.
Since last September, the United States from China imports of change has been five consecutive months run from the global import change rate, which also means that China's market share in the continued decline after some stabilisation.
Textiles: January, the United States imported 2.82 billion U.S. dollars of textiles, down 5.8 per cent year-on-year, compared with December last year, the rate of decline expanded by 1.5 percentage points.
Imports from China 1.15 billion U.S. dollars, an increase of 8.2%; accounted for 40.7%, an increase of 5.2 percentage points.
Imports from India 390 million U.S. dollars, down 21.6 per cent; accounted for 14 per cent, a decrease of 2.8 percentage points.
Imports from Mexico $ 200 million, an increase of 2.6%; accounting for 7.2%, an increase of 0.6 percentage points. Clothing: In January, the United States imported $ 7.02 billion of clothing, down 14.9 per cent year-on-year, compared with December last year, the rate of decline narrowed by 1.4 percentage points. Imports from China 1.8 billion U.S. dollars, an increase of 1 per cent; accounted for 25.6 per cent, an increase of 4 percentage points. Imports from Vietnam 1.28 billion U.S. dollars, down 4.6 per cent; accounting for 18.2 per cent, an increase of 2 percentage points. Imports from Bangladesh 580 million U.S. dollars, down 36.5 per cent; accounted for 8.2 per cent, a decrease of 2.8 percentage points. The latest data from the U.S. Department of Labour showed that the U.S. CPI rose 0.4% quarter-on-quarter in February and 3.2% year-on-year. Affected by housing rental prices and rising gasoline prices, the chain is still a large increase, year-on-year is relatively stable, the core CPI is still in a downward trend. According to the U.S. Department of Commerce data, the U.S. retail sales in February rebounded to 0.6% YoY, year-on-year growth picked up to 1.5%. February ushered in the U.S. presidential holiday, overlaid on the warming of the weather, the residents of the consumer demand rebounded, grocery retail sales rose 0.6% YoY, daily necessities shopping malls grew by 0.4%. March University of Michigan Consumer Confidence Index of 76.5, a decrease of 0.4 compared with February, the overall point of view is still in the rebound trend. Clothing and apparel shops: February retail sales of 26.29 billion U.S. dollars, down 0.5% from a year ago, an increase of 1.3% over the same period last year. Furniture and home furnishing shops: February retail sales of $10.59 billion, down 1.1% from a year ago and down 10.1% from a year ago. General shops (including supermarkets and department stores): February retail sales of 73.79 billion U.S. dollars, an increase of 0.4 per cent over the previous month, an increase of 0.7 per cent over the same period last year. Of which $11.06 billion in retail sales in department stores, down 0.2% from the previous month and 4.4% from a year ago
Non-physical retailers: $118.77 billion in retail sales in February, down 0.1 per cent from the previous month and up 6.4 per cent from a year ago.

Translated with DeepL.com (free version)