Page 7 - Daily News_20211112

US textiles & apparel imports up 27% in Jan-Sept 2021

The import of textiles and apparel by the United States increased by
26.99 per cent to $82.271 billion in the first nine months of 2021,

compared to $64.784 billion in January-September 2020. With 27.84 per
cent share, China continues to be the largest supplier of textiles and
clothing to the US, followed by Vietnam with 14.04 per cent share.
Apparel constituted the bulk of textiles and garments imports made by

the US during the initial nine months of this year, and were valued at
$58.582 billion, while non-apparel imports accounted for the remaining
$23.688 billion, according to the latest Major Shippers Report, released
by the US department of commerce.

Here's why Pakistan's yarn imports will surge in Q4 2021

Pakistan’s yarn imports are expected to rise in this quarter as the
government will slash the duty imposed on yarn imports, especially for
the value-added textile sector of Pakistan. The reduced duties are likely

to help control the rising prices of yarn, said Abdul Razak Dawood,
advisor to the Prime Minister on commerce, textiles and investment.
Dawood also said that this move will increase the availability of yarn and
sustainable textiles, and boost clothing exports. The notification for

reduction of duty on yarn imports will be issued soon.

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