Prices Of Imported Garments Market In The United States Begin To Decline

Because of the current decline in retail sales, it will probably lead to a rapid decline in the prices of garments imported from the United States.

According to the latest US statistics, there is the first warning of deflation, especially the drop in import prices of woven garments and knitted T-shirts.

The continued rise in the US dollar exchange rate, the dramatic decline in raw material prices and the lifting of the US textile quotas in 2009 have led to a fall in the prices of garments imported from the United States in 2009.

Because the global economy is enveloped in the shadow of deflation, the price of clothing imported from the United States for the first time is likely to drop in the near future.

According to the latest official statistics from the US, the average import prices of American made garments (HS sixty-second chapters) fell 0.8% in September (2008) compared with the same period last year, and dropped 0.7% in October.

In September and October, the average import prices of woven garments in the United States increased by 3.2% and 3.4% respectively. (2007)

The import price of knitted garments is higher. In September and October this year, the import price of American knitted garments (HS sixty-first chapters) was still higher than that of the same period last year, but the increase was smaller than that of the same period last year.

Due to the decline in retail sales of clothing stores, the pressure on clothing prices is falling again.

Despite rising labor costs in emerging countries and rising US consumer prices in the first half of this year, the price of clothing imports from the United States is likely to decline in the near future.

The reason is that the exchange rate of US dollar against low cost countries is rising, and the prices of raw materials all over the world are falling sharply. This will help reduce production costs, plus the import quota restrictions imposed by the United States on Chinese textiles, and the related costs related to quotas will also be abolished in January 1st (2009).

The import price of knitted T - shirts (HS6109) in the US market fell 0.9% over the same period of last year in October, according to the US Department of labor, according to the US Department of labor.

In October this year, the prices of women's Woven suits, matching suits and suits (section HS6204) dropped significantly by 4.5%, compared with 7.7% in the same period last year.

On the contrary, the price of imported men's woven shirts (HS6205 Festival) in the United States increased significantly in October this year.

Yang Jing: editor in charge