|
EXPORTS,
IMPORTS, and TRADE BALANCE |
|
KEY
TRENDS |
- U.S.
imports of apparel increased in 2003, reflecting a continued
trend by retailers and apparel companies to source apparel from
low-cost offshore providers.
-
China is the largest foreign supplier of textiles, apparel,
and footwear, accounting for 18 percent of U.S. textile and
apparel imports and 68 percent of U.S. footwear imports in 2003
(by value). U.S. imports of textiles and apparel from China
rose significantly in 2003, particularly in articles for which
it became eligible for quota-free treatment following its accession
to the WTO in December 2001.
-
The average price of U.S. footwear continued to decline, as
lower priced casual shoes accounted for a greater share of consumer
purchases.
-
U.S. imports of textiles and apparel in 2003 continued to expand
from countries that benefit from preferential market access,
including countries in the Caribbean Basin and sub-Saharan Africa.
|
TRADE
SHIFTS in 2003 from 2002 |
Textiles
and apparel:
-
U.S. trade deficit: Increased by $5.9 billion (9
percent) to $70.2 billion
-
U.S. exports: Decreased by $265 million (1 percent)
$17.0 billion
-
U.S. imports: Increased by $5.7 billion (7 percent)
to $87.2 billion
Footwear:
- U.S.
trade deficit: Increased by $205 million (1 percent)
to $15.1 billion
-
U.S. exports: Decreased by $25 million
(5 percent) to $495 million
-
U.S. imports: Increased by $180 million
(1 percent) to $15.6 billion
|
LINKS |
USITC
PUBLICATIONS
Industry
Trade and Technology Review
Dyeing
and Finishing of Apparel Fabrics
Production-Sharing
Update: Developments in 2002 (Apparel Assembly in Mexico, the
Caribbean Basin, and Sub-Saharan Africa)
332
Investigations
Textiles
and Apparel: Assessment of the Competitiveness of Certain Foreign
Suppliers to the U.S. Market
Apparel
Inputs in “Short Supply” 2002: Effect of Providing
Preferential Treatment to Apparel from Sub-Saharan African and
Caribbean Basin Countries - Compilation of Reports Requested
in 2002
U.S. Market Conditions
for Certain Wool Articles in 2002-03
Certain Wool Articles:
Second Annual Report on U.S. Market Conditions
The
Economic Effects of Significant U.S. Import Restraints: Third
Update 2002
OTHER
GOVERNMENT RESOURCES
U.S.
Department of Homeland Security, Bureau of Customs and Border
Protection
Textiles
and Quotas
U.S. Department of Commerce
Office
of Textiles and Apparel
Europa, European Commission, Trade in Industrial Goods
Textiles
|
SECTOR
SHIFTS |
|
COUNTRY
SHIFTS |
|
|