US Textile Imports from China Substantially on Downwards Trend
Write:
Danae [2011-05-20]
US textile imports from China during February were substantially lower compared to the same month one year earlier according to US preliminary data. Apprehensive over supply disruption and embargoes, importers last year placed fewer orders with China.
Shipments in restricted, as well as non-limited categories were all significantly lower compared to last year's surging volumes. Categories restricted under by the China-US textile deal in 2005 have all seen shipments falling. This has come of no surprise given the absolute large volumes of produce arriving into US ports in 2005. Importers have clearly made fewer orders concerned over the possibility of future embargoes.
Supplies in sensitive limited categories such as 229 (special fabric) are over 50% lower. Categories 619 and 620 (polyester and other synthetic fabrics) are 33 and 56% fewer. There have been also decreases in imports of other fibers and fabrics not limited by the textile deal. But a major reduction in volume has taken place in categories 226 (cheesecloth) and 314/614 (poplin fabrics).
There have been increases in certain other categories for instance 220 (special weave fabrics) shipments are 113% higher compared with February 2005. Blue denim supplies (category 225) also increased by a massive 270%.
There was also a huge increase of carded cotton yarns (category 300) of well over 500%. However, volumes of category 301 (combed cotton yarns) were reduced to nearly nothing.