Beruflich Dokumente
Kultur Dokumente
ECONOMIC OVERVIEW
The U.S. economy grew (in real terms) a modest 2.2 percent during 2007, from $11.3 to $11.6
trillion. Growth in personal incomes remained strong, advancing 6.2 percent during the year.
Personal consumption expenditures also continued to exhibit strong growth during the year, up
by 5.5 percent to $10.0 trillion. Percent
2006 2007 Change
The increase in personal consumption Gross Domestic Product
expenditures was led by purchases of Current 13,195 13,841 4.9%
durable goods throughout much of Real (2000) 11,319 11,567 2.2%
the year when compared to the same Total PCE 9,225 9,734 5.5%
period in 2006. During the final Non-durable goods 2,668 2,834 6.2%
quarter, however, purchases of non- Clothing & Shoes 357 371 3.7%
durable goods leapt 7.4 percent when Personal Income 10,983 11,666 6.2%
Personal Savings 39 48 23.1%
compared to the same period in 2006.
Goods Producing
Expenditures on clothing and shoes, Employment 22,531 22,221 -1.4%
on the other hand, did not fare as Wholesale Trade
well. Growth in purchases of Employment 5,905 6,028 2.1%
clothing and food increased a more Civilian Unemployment 4.6% 4.6% 0.0%
modest 3.7 percent for all of 2007. In Hourly Wages
a preview of continued weakness (Production Workers) $18.02 $18.67 3.6%
during early 2008, fourth quarter
2007 was particularly poor for Data in Billions of dollars; employment data in 1,000's of workers.
clothing and shoe purchases when compared to other sectors. Growth was only 1.9 percent
during the final three months of the year.
The Federal Reserve’s Federal Open Market Committee (FOMC) took aggressive monetary
action in 2007 and early 2008 in an attempt to stimulate the economy and address mounting
concerns about the possibility of a recession in the United States. In an unparalleled move, the
FOMC cut short-term interest rates (i.e., the federal funds rate) twice within an eight-day span in
late January 2008, lowering rates by 75 basis points to 3.50 percent on January 22 and by an
additional 50 basis points to 3.00 percent on January 30. These actions followed cuts of 25 basis
points on December 11, 25 basis points on October 31 and 50 basis points on September 18. The
FOMC took these decisive actions “in view of a weakening of the economic outlook and
increasing downside to growth.” More recently, however, the FOMC, in addition to trying to
stimulate the flagging economy, has recently begun to express concerns about rising inflation.
While inflation may well moderate over the long term, it currently remains near uncomfortably
high levels. The graph below shows the inflation readings on a year-on-year basis. The risks of
persistent inflation, combined with the apparent fourth quarter slowdown in economic growth
(which has continued into 2008), have led some analysts to suggest that the U.S. economy may
be entering a period of stagflation characterized by relatively high inflation, sluggish or negative
growth and rising unemployment.
4
CPI
1
Core Rate
0
Mar-01
Jun-01
Sep-01
Dec-01
Mar-02
Jun-02
Sep-02
Dec-02
Mar-03
Jun-03
Sep-03
Dec-03
Mar-04
Jun-04
Sep-04
Dec-04
Mar-05
Jun-05
Sep-05
Dec-05
Mar-06
Jun-06
Sep-06
Dec-06
Mar-07
Jun-07
Sep-07
Dec-07
Source: U.S. Bureau of Labor Statistics.
U.S. CONSUMPTION
While Americans still like to buy clothes and shoes, their appetite slowed in 2007 along with the
slowing economy. Overall, U.S. consumption of apparel totaled 20.1 billion garments in 2007, a
decrease of 1.7 percent when compared to 2006. U.S. consumption of a number of products –
such as all types of dresses, women’s & girls’ cotton knit shirts, men’s & boys’ cotton woven
shirts, cotton sweaters, women’s & girls’ cotton trousers, women’s & girls’ wool coats, women’s
man-made fiber (MMF) coats and all types of pajamas – surged in 20071. However, overall
growth was dragged down by significant declines in U.S. consumption of all types of skirts and
underwear as well as most types of man-made fiber apparel.
U.S. consumption of footwear slid a modest 0.4 percent to 2007 to 2.393 billion pairs of shoes.
U.S. consumption of men’s work shoes surged in 2007, followed by significant growth in the
consumption of plastic/protective footwear and juvenile shoes. That growth, however, did not
offset the significant decline in U.S. consumption of athletic shoes, slippers and other men’s
footwear. Purchases of women’s footwear, by far the largest category of U.S. consumption,
were flat in 2007.
1
Only January-September 2007 data was available for specific apparel categories at the time of publication.
U.S. Apparel & Footwear Consumption, Production, Imports & Import Penetration
In Selected Categories for 2007
In Thousands of Dozens or Thousands of Pairs (Unless Otherwise Specified)
2007* % Change
In
Categories U.S. U.S. U.S. Import Consumption
Production Imports Consumption Penetration 06-07
Apparel (Thousands of Garments) 986,900 19,150,700 20,137,600 95.1% -1.7%
Footwear 30,660 2,362,347 2,393,008 98.7% -0.4%
U.S. PRODUCTION
U.S. production of apparel fell precipitously in 2007. U.S. manufacturers produced 986.9
million garments in 2007, a drop of 40.3 percent from 2006 when 1.7 billion garments were
produced. U.S. production of men’s and boys’ apparel fell 45.6 percent during the year, with the
largest declines coming in knit t-shirts, jeans, nightwear, washable service apparel, woven shirts
and coats and jackets. Bucking this trend, U.S. production of athletic shorts more than doubled
in 2007, after falling precipitously in 2006. U.S. production of women’s and girls’ apparel did
not fair much better, declining by 36.3 percent during the year. While U.S. production fell
across the board, the largest declines in female garment manufacturing occurred in intimate
apparel, shirts and blouses, sweaters, coats, jeans and body suits/shirts. In contrast, U.S.
production of sweatshirts and team sports uniforms experienced significant increases. For the
most part, what remains of the U.S. apparel manufacturing industry serves higher-end, military,
or niche markets.
IMPORT PENETRATION
Import penetration, or the percentage of the U.S. market that is supplied by imports, again
reached record levels in 2007. Despite the re-imposition of quotas on a broad range of U.S.
apparel imports from China, the percentage of the U.S. apparel market supplied by imports grew
to 95.1 percent. Import penetration now exceeds 91 percent in 31 of the 39 individual apparel
categories for which the U.S. Department of Commerce’s Office of Textiles & Apparel
(OTEXA) continues to publish data. U.S. production data for an additional ten apparel
categories2 is no longer tracked and presumed to be de minimis. Import penetration ratios for the
products no longer tracked by OTEXA are assumed to be at or near 100 percent. Import
penetration is highest in cotton bras, men’s and boys’ man-made fiber knit shirts, nightwear and
pajamas, women’s and girls’ cotton and wool coats and jackets, and men’s and boys’ man-made
fiber knit shirts. Import penetration is lowest in man-made fiber dresses, men’s and boys’ wool
suits, man-made fiber skirts, W&G man-made fiber sweaters and W&G man-made woven shirts
and blouses. For the first time ever, U.S. imports from China supplied over a quarter (25.4
percent) of the U.S. apparel market. The countries that are part of the U.S./Central America-
Dominican Republic Free Trade Agreement (CAFTA-DR) supplied another one-fifth (19.3
percent) of the U.S. apparel market.
2
Categories 237 (Infant/Toddler Playsuits), 333 (M&B Cotton Suit-Type Coats), 350 (Cotton Dressing
Gowns/Robes), 436 (Wool Dresses), 438 (Wool Knit Shirts/Blouses), 440 (Wool Woven Shirts), 445 (M&B Wool
Sweaters), 446 (W&G Wool Sweaters), 644 (W&G MMF Suits) and 650 (MMF Dressing Gowns/Robes).
Imports continued to supply almost 99 percent of the U.S. footwear market in 2007. Import
penetration has reached 99 or 100 percent in virtually every category of footwear. The only
categories where U.S. production still supplied a significant, yet declining portion of the U.S.
footwear market were men’s work footwear and plastic/protective footwear. Much of this
footwear is specialty or niche footwear or footwear made for the U.S. military. U.S. footwear
imports from China alone supplied more than eight out of every ten pairs of shoes sold in the
United States in 2007 (86.6 percent), easily eclipsing every other supplier combined.
RETAIL PRICES
Retail prices for apparel, as measured by the Consumer Price Index (CPI), inched slightly
downward by a modest 0.4 percent in 2007 despite rising cost pressures in the supply chain for
manufacturers and importers towards the later half of the year, pressures which have only
increased in 2008. Meanwhile, footwear prices, despite manufacturers and importers
experiencing even more significant cost pressures than their colleagues in the apparel industry,
slid 0.9 percent in 2007. Retail prices for apparel and footwear registered decreases in 2007
despite overall retail prices growing 2.8 percent for the year. The industry remained in a long-
term deflationary cycle in 2007, but the pace of falling prices seems to have slowed. Since 1998,
retail prices for apparel and footwear have fallen 10.5 percent and 4.4 percent, respectively,
while overall retail prices surged 27.2 percent over the same period. It remains a question
whether, in the face of skyrocketing costs during a sluggish economy, this deflationary trend in
real prices will continue in 2008.
Since the end of worldwide quotas at the beginning of 2005, another interesting trend has
developed, mirroring a characteristic of the footwear trade over the past two decades. No longer
constrained by quotas, for the most part, U.S. apparel importers are starting to concentrate their
sourcing in the supplier countries that produce the highest-quality apparel at the best price under
humane and ethical working conditions.
While U.S. yarn exports continued to grow in 2007, declines in much higher value-added U.S.
fabric and apparel exports more than offset this increase. U.S. yarn exports grew 8.9 percent in
2007 to $2.0 billion. Regional countries continued to account for the lion’s share of U.S. yarn
exports, with the top six destinations all located in the Western Hemisphere. U.S. yarn exports to
CAFTA-DR-DR countries increased 26.1 percent during the year, accounting for 51.3 percent of
total U.S. yarn exports in 2007. U.S. yarn exports also surged to an unexpected place. U.S. yarn
exports to China rose 28.5 percent in 2007, making China the 7th largest export market for U.S.-
made yarn. Total U.S. fabric exports did not fare as well in 2007, declining 5.5 percent during
the year to $7.5 billion. Many traditional regional markets for U.S. fabrics registered declines
during the year, including the top three markets – Mexico (-7.7 percent), CAFTA-DR-DR (-5.9
percent) and Canada (-4.7 percent). Meanwhile, exports to China grew (+3.0 percent), making
China the 4th largest market for U.S.-made fabric during the year. U.S. exports of apparel fell
15.1 percent during the year to $3.7 billion. Canada continues to be the largest destination
market. U.S. apparel exports to Canada increased 4.6 percent in 2007, accounting for 31.3
percent of all U.S. apparel exports. U.S. apparel exports to nearly every other major market
exhibited a decline during the year except for #6 market the United Kingdom (+12.8 percent), #
9 market Belgium (+19.4 percent) and the #10 market Korea (+29.4 percent).
$8,000,000
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
2003 2004 2005 2006 2007
Yarn Fabric Apparel
Despite the recent explosion of new U.S. free trade agreements and trade preference programs
with countries from around the world, most U.S. apparel imports remained subject to high duties.
U.S. apparel imports were subject to an effective duty-rate of 12.3 percent in 2007, which is
actually an increase over 2006. In contrast, the effective duty-rate for U.S. imports of all
products was 1.3 percent in 2007. In fact, U.S. imports of apparel alone accounted for 21.5
percent of all import duties collected by the U.S. government in 2007 ($5.6 billion), even though
apparel accounted for only 2.4 percent of all U.S. imports. Despite high hopes for CAFTA-DR-
DR and many other trade agreements, the percentage of U.S. apparel imports entering duty-free
through trade agreements and preference programs actually fell, from 13.3 percent in 2006 to
10.6 percent in 2007. Even though continued delays in the implementation of CAFTA-DR-DR
contributed to some of this decline, the restrictive rules of origin (the requirements a product
must meet in order to receive duty-free access) remain the biggest barrier to the success of
CAFTA-DR-DR as well as the other trade agreements and preference programs.
10.00%
5.00%
0.00%
2004 2005 2006 2007
ALL U.S. Imports U.S. Apparel Imports U.S. Footwear Imports
their currencies versus the U.S. dollar. U.S. imports from Thailand also suffered due to the
relative strength of their currency versus the U.S. dollar as well as the military coup that
overthrew the democratically-elected government (democratic government has since been
restored in Thailand). India, once looked at as a viable alternative to China, suffered from its
inability to meet large orders from U.S. importers, an issue which the country and the industry
have attempted to address throughout 2008. U.S. imports from Mexico, in the meanwhile,
returned to their longstanding decline due to the restrictive and antiquated rules of origin under
the North American Free Trade Agreement (NAFTA) and other problems.
Even though almost 99 percent of all shoes sold in the United States were imported, U.S.
footwear imports were still subject to an effective duty-rate of 9.8 percent in 2007. As a result,
U.S. consumers were forced to bear the costs of $1.8 billion in duties on U.S. footwear imports
in 2007. That amount represented 6.9 percent of all duties collected by the U.S. government in
2007, although footwear made up a meager 1.0 percent of total U.S. imports. AAFA and
individual footwear firms have successfully lobbied for inclusion of duty-free access for virtually
all footwear under liberal rules of origin in every free trade agreement and trade preference
program in the last few years. Yet, a mere 2.2 percent of all U.S. footwear imports in 2007
entered the United States duty-free because only two of the top 20 suppliers to the U.S. market
are covered by any of these agreements/programs. (Table 5) A bill recently introduced in
Congress would address this situation by eliminating the import duties on about 60 percent of the
shoes currently sold in the United States.
AAFA wishes to thank AAFA Intern Laura Giacolone for her great work in helping to
put this report together. She did a great job.
Quantity in U.S. Production U.S. Imports U.S. Consumption % Change Import Penetration
1,000s of Pairs 2005 2006 2007 2005 2006 2007 China 07 2005 2006 2007 06-07 Total 07 China 07
Nonrubber
Total Nonrubber 17,136 15,628 15,003 1,937,201 2,057,074 2,039,090 1,778,889 1,954,337 2,072,702 2,054,093 -0.9% 99.3% 86.6%
By Product Class
Men's 11,490 10,916 10,479 225,551 235,878 230,127 191,933 237,041 246,794 240,606 -2.4% 95.6% 79.8%
Men's Work 8,781 8,692 8,344 31,544 33,879 46,535 44,503 40,325 42,571 54,879 37.4% 84.8% 81.1%
Women's 4,202 3,782 3,631 879,901 944,613 952,543 847,156 884,103 948,395 956,173 0.8% 99.6% 88.6%
Juveniles' 199 180 173 291,269 316,690 329,435 301,420 291,468 316,870 329,608 4.0% 99.9% 91.4%
Athletic 125 130 125 374,119 371,631 334,049 251,955 374,244 371,761 334,174 -10.1% 100.0% 75.4%
Slippers 968 484 465 120,789 130,520 118,439 116,489 121,757 131,004 118,903 -9.3% 99.6% 98.0%
Other 151 136 131 14,028 23,863 27,964 25,433 14,179 23,999 28,094 17.2% 99.5% 90.5%
Rubber
Total Rubber 16,885 16,308 15,658 315,250 314,127 323,257 225,433 332,135 330,435 338,914 2.9% 95.4% 66.5%
By Category
Rubber/Fabric 10,172 9,664 9,277 175,719 169,859 171,516 100,505 185,891 179,523 180,794 1.0% 94.9% 55.6%
Plastic/Protective 6,713 6,646 6,380 21,463 18,864 20,400 10,948 28,176 25,510 26,780 8.1% 76.2% 40.9%
Total Footwear 34,021 31,936 30,660 2,252,451 2,371,201 2,362,347 2,004,322 2,286,471 2,403,137 2,393,008 -0.4% 98.7% 83.8%
NOTES:
- U.S. Consumption = U.S. Production + U.S. Imports.
- Import Penetration = Total U.S. Imports/Total U.S. Consumption.
- U.S. Production data for 2004 - 2006 are AAFA estimates based on historical trends and other available data.
Sources: U.S. Imports for Consumption, U.S. International Trade Commission's Trade Dataweb (http://dataweb.usitc.gov) from U.S. Customs Service & U.S. Census Bureau data.
FOOTWEAR
TOTAL FROM WORLD $17,493,649,989 $18,693,770,577 $18,491,730,249 -1.1% 100.0%
Effective Duty-Rate 10.1% 10.0% 9.8%
Imports Subject to Duties $17,167,868,512 $18,344,063,797 $18,077,324,618 -1.5% 97.8%
Share of Total Imports 98.1% 98.1% 97.8%
Effective Duty-Rate 10.3% 10.2% 10.0%
DUTY-FREE IMPORTS $325,781,477 $349,706,780 $414,405,631 18.5% 2.2%
Share of Total Imports 1.9% 1.9% 2.2%
NAFTA $296,467,104.00 $299,909,377.00 $274,199,734 -8.6% 1.48%
CAFTA-DR $0 5,857,407 $99,925,600 1606.0% 0.54%
U.S./Israel FTA $14,624,270.00 $20,458,621.00 $23,866,687 16.7% 0.13%
U.S./Australia FTA $3,855,676 $4,252,639 $5,249,194 23.4% 0.03%
ATPDEA $8,027,744 $4,989,932 $4,124,030 -17.4% 0.02%
U.S./Morocco FTA $0 $6,320,637 $4,117,887 -34.9% 0.02%
AGOA $1,909,466 $2,487,341 $2,174,611 -12.6% 0.01%
CBI $797,790 $4,562,116 $705,022 -84.5% 0.00%
U.S./Singapore FTA $72,512 $802,933 $23,983 -97.0% 0.00%
U.S./Chile FTA $26,915 $57,800 $18,563 -67.9% 0.00%
U.S./Bahrain FTA $0 $0 $320 N/A 0.00%
U.S./Jordan FTA $0 $7,977 $0 -100.0% 0.00%
CBI = The countries of the Caribbean Basin and Central America covered by the Caribbean Basin Initiative (CBI).
CAFTA-DR = The six countries of the U.S./Central America-Dominican Republic Free Trade Agreement - Costa Rica, the Dominican Repub
El Salvador, Guatemala, Honduras and Nicaragua.
AGOA = The sub-Saharan African countries under the African Growth and Opportunity Act.
ATPDEA = The countries of the Andean Trade Promotion & Drug Eradication Act - Bolivia, Colombia, Ecuador & Peru.
QIZs = Qualified Industrial Zones under the U.S.-Israel Free Trade Agreement
Source: Customs Value & Calculated Duties, U.S. General Imports, Apparel (Chapters 61-62 of the HTSUS),
Footwear (Chapter 64), U.S. International Trade Commission's Trade Dataweb, http://dataweb.usitc.gov.
Monthly
2005
Jul 248.5 77.2% 34.9 $10.31 17.9 78.2% 36.5 $11.37 149.6 36.2 $17.45 216.8 79.8% 39.6 $12.44 176.5 81.3% 37.7 $11.69
Aug 248.6 76.5% 35.9 $10.25 18.3 78.1% 37.1 $11.60 148.3 36.7 $17.69 216.4 79.9% 39.9 $12.44 174.7 81.1% 38.4 $11.69
Sep 247.6 76.7% 35.8 $10.37 18.2 78.6% 38.7 $11.52 148.8 36.9 $17.89 215.4 79.8% 40.3 $12.39 173.8 81.6% 39.0 $11.66
Oct 240.7 75.9% 36.2 $103.00 18.3 78.7% 38.0 $11.46 148.4 36.8 $17.83 212.9 79.7% 39.9 $12.31 175.0 81.8% 38.9 $11.68
Nov 240.6 76.6% 36.1 $10.42 17.9 78.2% 37.6 $11.36 149.5 36.3 $18.10 209.4 79.6% 41.0 $12.48 174.0 81.8% 39.6 $11.76
Dec 237.7 76.0% 36.1 $10.49 17.9 78.2% 38.3 $11.38 150.9 35.6 $18.09 206.4 79.4% 41.4 $12.45 172.2 81.6% 40.4 $11.88
2006
Jan 232.3 76.8% 35.8 $10.64 17.6 77.8% 37.1 $10.81 146.1 36.0 $18.46 205.6 79.8% 40.8 $12.50 172.7 82.9% 40.2 $11.75
Feb 236.4 76.7% 36.0 $10.62 17.7 77.4% 35.9 $10.82 148.3 36.7 $18.66 204.3 80.2% 40.3 $12.38 171.4 82.4% 40.1 $11.74
Mar 236.9 77.2% 36.3 $10.64 17.6 76.1% 38.4 $11.07 149.0 36.5 $18.56 202.9 80.5% 40.6 $12.40 169.5 81.9% 39.6 $11.73
Apr 237.5 77.2% 35.9 $10.64 17.8 77.0% 36.7 $11.39 148.9 36.9 $18.70 201.2 80.6% 40.1 $12.42 167.5 81.2% 39.3 $11.90
May 235.8 77.4% 36.8 $10.62 17.9 77.7% 36.8 $11.58 151.3 36.1 $18.67 200.2 80.7% 40.4 $12.41 167.3 81.1% 39.9 $11.96
Jun 237.5 78.8% 36.8 $10.68 17.8 77.5% 36.4 $11.74 152.6 36.8 $18.71 197.6 81.0% 40.7 $12.55 167.6 81.0% 40.2 $11.96
Jul 233.6 79.0% 36.3 $10.72 17.5 76.0% 35.7 $11.57 155.4 36.5 $18.78 193.8 80.8% 40.2 $12.54 167.4 80.2% 39.6 $12.05
Aug 230.6 79.1% 36.8 $10.61 17.3 75.1% 38.3 $11.57 154.9 37.3 $18.89 192.5 81.4% 41.1 $12.64 165.9 80.0% 40.1 $11.88
Sep 231.0 79.4% 36.7 $10.66 16.8 76.2% 38.3 $11.61 154.0 37.8 $18.78 188.1 81.3% 40.9 $12.59 163.6 80.7% 39.8 $11.93
Oct 227.6 79.3% 37.3 $10.65 17.0 75.9% 39.4 $11.82 152.9 37.7 $18.75 186.3 81.2% 40.3 $12.82 164.0 80.7% 39.1 $11.76
Nov 225.6 79.5% 37.1 $10.59 16.5 78.2% 39.0 $11.66 154.4 37.5 $18.50 184.8 81.8% 40.3 $12.74 161.5 80.0% 39.9 $11.89
Dec 223.5 79.5% 36.8 $10.71 16.8 79.8% 40.5 $11.77 155.9 38.0 $18.58 183.2 81.6% 41.5 $12.63 161.5 79.4% 39.9 $11.81
2007
Jan 216.4 79.5% 37.5 $10.96 16.6 81.3% 39.9 $12.02 152.1 38.3 $18.88 178.3 81.5% 40.6 $12.90 161.6 79.2% 39.2 $11.89
Feb 218.2 80.0% 37.0 $10.93 16.7 81.4% 38.8 $11.87 151.6 39.5 $19.14 176.0 81.2% 40.5 $12.87 160.5 79.0% 39.1 $11.86
Mar 218.9 80.2% 36.9 $10.79 16.5 81.8% 40.4 $12.09 152.1 38.8 $19.06 175.6 81.5% 40.6 $12.81 160.3 78.9% 39.6 $11.83
Apr 217.6 80.4% 37.3 $10.92 16.6 81.9% 39.9 $12.02 150.7 39.5 $18.92 172.7 81.2% 40.4 $13.00 161.0 78.2% 39.9 $11.72
May 216.4 80.9% 37.4 $11.01 16.8 82.7% 41.4 $12.16 151.4 38.4 $19.28 172.1 81.5% 40.3 $12.89 158.8 78.5% 39.4 $11.70
Jun 216.0 80.9% 38.0 $10.96 16.5 83.6% 40.6 $12.20 154.4 38.5 $19.28 172.0 80.6% 40.6 $12.98 159.2 78.1% 40.7 $11.83
Jul 212.9 80.8% 37.1 $11.15 15.6 84.0% 39.6 $12.31 154.8 38.4 $18.94 167.5 80.1% 39.6 $13.13 157.5 77.7% 40.2 $11.89
Aug 211.3 80.9% 37.1 $11.12 15.7 84.7% 40.9 $12.49 155.7 38.4 $18.88 166.2 80.1% 39.7 $13.21 157.1 78.2% 39.9 $11.74
Sep 211.2 81.5% 37.1 $11.17 15.8 85.4% 41.0 $12.52 156.0 38.6 $19.21 165.5 80.7% 40.8 $13.16 155.6 77.7% 39.9 $11.73
Oct 207.0 81.1% 36.8 $11.16 15.6 85.9% 40.0 $12.63 156.7 37.9 $19.40 165.2 81.0% 39.9 $12.93 156.1 77.1% 38.9 $11.75
Nov 207.0 81.1% 37.1 $11.20 16.0 84.4% 41.7 $12.91 156.0 38.0 $19.02 164.8 80.9% 39.9 $13.06 156.7 77.3% 39.2 $11.67
Dec 203.6 82.1% 37.5 $11.28 15.9 85.5% 42.1 $12.43 154.3 38.3 $19.17 162.4 80.8% 41.1 $13.13 155.5 77.6% 40.6 $11.75
Notes:
- Weekly hours and hourly earnings are based on total production workers. Production workers are defined as those involved in the production of product (i.e. factory workers/managers).
- Apparel Wholesale Trade equals employment in establishments engaged in wholesaling apparel.
Source: Employment and Earnings, Bureau of Labor Statistics, U.S. Department of Labor, http://www.bls.gov
Monthly
2005
Jul 120.7 101.8 125.4 148.5 130.7 195.4 113.8 111.6 102.8 112.8 119.3
Aug 121.9 101.7 125.6 148.1 130.8 196.4 115.8 112.4 105.1 113.5 121.7
Sep 123.2 101.7 126.1 148.4 130.9 198.8 120.5 114.0 112.3 115.5 126.0
Oct 121.6 102.7 125.5 148.5 130.9 199.2 122.7 117.2 115.1 116.3 126.7
Nov 121.1 103.0 125.3 148.6 130.9 197.6 121.5 117.4 113.9 115.3 124.3
Dec 120.6 101.7 125.2 148.6 130.9 196.8 117.5 114.1 108.9 115.0 121.4
2006
Jan 120.9 102.3 125.4 148.6 132.6 198.3 114.9 112.4 103.0 113.3 122.3
Feb 122.0 102.4 125.6 148.7 132.6 198.7 116.6 112.7 106.3 116.6 122.8
Mar 121.7 101.8 125.7 148.7 132.6 199.8 122.0 116.2 115.0 118.7 125.4
Apr 122.2 102.1 125.8 148.8 132.6 201.5 123.4 118.0 116.3 118.2 126.1
May 123.8 103.1 125.9 149.1 132.6 202.5 122.4 116.5 114.4 118.3 125.8
Jun 122.6 103.5 125.8 149.2 132.6 202.9 118.9 113.0 110.3 115.0 123.0
Jul 123.3 103.5 125.7 149.5 132.6 203.5 113.8 110.3 102.3 114.4 119.1
Aug 122.9 103.1 126.0 149.7 132.6 203.9 116.1 110.8 105.7 115.6 120.6
Sep 122.6 103.0 125.9 149.8 132.6 202.9 121.7 114.4 114.6 116.5 124.2
Oct 124.1 102.9 126.2 149.8 132.6 201.8 123.3 116.4 116.4 119.4 125.6
Nov 125.4 102.9 126.3 149.9 132.6 201.5 121.7 115.6 113.9 117.6 124.5
Dec 123.4 102.1 126.3 150.0 132.6 201.8 118.6 113.2 110.2 114.1 123.0
2007
Jan 123.4 103.0 126.8 150.0 132.7 202.4 116.0 110.3 105.9 112.4 120.9
Feb 125.9 101.7 127.0 150.2 132.7 203.5 119.0 111.2 110.9 115.4 121.9
Mar 125.8 102.6 126.9 150.8 132.7 205.4 122.6 113.7 116.9 118.0 123.5
Apr 126.4 95.7 127.0 151.6 132.7 206.7 122.9 115.2 117.1 115.5 123.7
May 126.3 95.2 126.9 151.7 132.7 207.9 121.5 114.3 114.4 113.6 123.0
Jun 127.1 95.2 126.9 151.7 132.7 208.4 117.2 110.9 107.8 111.5 120.6
Jul 127.9 96.8 127.0 151.7 132.7 208.3 113.5 109.6 101.3 108.8 119.4
Aug 128.0 97.3 127.0 151.7 132.7 207.9 114.4 109.0 103.2 110.2 120.3
Sep 127.9 97.3 127.0 151.8 132.7 208.5 119.5 112.4 111.0 113.6 123.2
Oct 128.4 97.3 127.2 151.6 132.7 208.9 121.8 115.0 113.4 117.1 124.7
Nov 128.8 97.3 127.2 151.6 132.7 210.2 121.2 114.8 112.2 117.3 125.0
Dec 129.7 97.3 127.2 154.2 132.7 210.0 118.3 112.0 109.4 113.8 122.3
Notes: Notes:
- For knit fabric, Dec 2003 = 100. - Data Not Seasonally Adjusted
- Data Not Seasonally Adjusted Source: Consumer Price Index , U.S. Department of Labor's
- N/A: A new time series was begun in December 2003. Bureau of Labor Statistics, http://www.bls.gov
Source: Producer Price Index for Commodities , U.S. Department of Labor's Bureau
of Labor Statistics, http://www.bls.gov
2007
Jan
Feb
Mar $9,540.5 $2,759.4 $371.1 13.45% N/A N/A N/A N/A N/A N/A
Apr
May
Jun $9,674.0 $2,822.7 $368.4 13.05% N/A N/A N/A N/A N/A N/A
Jul
Aug
Sep $9,785.7 $2,846.3 $372.4 13.11% N/A N/A N/A N/A N/A N/A
Oct
Nov
Dec $9,936.6 $2,904.5 $370.0 12.74% N/A N/A N/A N/A N/A N/A
Notes:
- NDG PCE is the PCE for nondurable goods (does not include durable goods items such as cars, large appliances, etc.).
- Only annual data (with a one-year time lag) is available for footwear & specific types of clothing.
- Annual data for footwear & specific types of clothing is not published until August of the following year .
- Quarterly data is seasonally adjusted at A Quarterly rate.
Source: U.S. Dept. of Commerce, Bureau of Economic Analysis, http://www.bea.gov
Change % of
Country 2000 2001 2002 2003 2004 2005 2006 2007 06-07 Imports
Rank
World 16,035,348,460 16,103,471,620 17,255,657,433 18,863,746,195 19,950,995,982 22,009,812,085 22,539,239,195 23,335,853,522 3.5% 100.0%
1 China 929,159,283 975,979,534 1,564,963,032 2,289,847,415 2,972,522,846 5,883,430,984 6,506,084,528 8,034,202,716 23.5% 34.4%
2 Bangladesh 966,611,942 965,941,956 927,717,083 913,029,078 941,684,939 1,124,829,783 1,306,918,705 1,354,100,700 3.6% 5.8%
3 Vietnam 29,991,310 28,099,535 315,377,465 739,175,252 777,054,816 801,367,936 947,367,649 1,273,736,438 34.5% 5.5%
4 Honduras 1,028,083,905 1,020,660,968 1,090,164,635 1,151,897,618 1,198,533,425 1,246,809,494 1,136,133,232 1,222,700,751 7.6% 5.2%
5 Mexico 2,526,814,253 2,290,141,584 2,157,195,994 1,977,284,850 1,896,210,937 1,703,425,351 1,477,174,058 1,210,480,535 -18.1% 5.2%
6 Indonesia 522,025,689 593,735,961 594,644,591 617,983,872 703,399,436 823,451,411 1,013,154,780 1,064,283,961 5.0% 4.6%
7 India 399,231,728 402,810,945 508,714,904 532,069,010 609,338,476 790,197,924 840,297,501 867,880,995 3.3% 3.7%
8 Cambodia 253,681,573 358,609,486 439,861,528 527,682,909 634,682,820 709,992,680 842,722,557 866,612,709 2.8% 3.7%
9 El Salvador 719,248,492 723,830,548 777,179,609 856,333,590 852,624,499 865,968,921 721,653,173 810,062,619 12.3% 3.5%
10 Pakistan 330,205,868 347,009,367 382,066,741 443,627,117 519,282,124 577,841,672 672,741,372 695,544,484 3.4% 3.0%
11 Thailand 469,685,674 452,593,892 490,258,180 496,144,796 533,100,230 536,764,972 566,392,692 522,969,702 -7.7% 2.2%
12 Philippines 529,911,730 553,268,591 550,532,151 545,572,036 513,572,368 518,712,943 589,011,275 457,930,705 -22.3% 2.0%
13 Sri Lanka 408,625,293 403,391,776 393,888,473 395,020,706 415,047,998 453,750,896 450,522,302 408,937,927 -9.2% 1.8%
14 Dominican Republic 836,581,704 753,006,400 730,029,554 750,160,921 761,412,771 715,453,370 583,909,322 382,313,301 -34.5% 1.6%
15 Guatemala 359,769,363 388,103,227 415,324,088 444,536,405 499,368,901 466,515,855 424,937,765 376,063,300 -11.5% 1.6%
16 Hong Kong 916,305,779 916,931,192 821,260,564 785,439,971 738,962,752 596,581,581 523,340,607 358,180,763 -31.6% 1.5%
17 Taiwan 670,736,694 614,130,293 575,759,273 590,776,687 571,980,560 391,478,281 359,186,101 302,789,094 -15.7% 1.3%
18 Nicaragua 82,595,926 95,676,722 120,137,149 150,234,693 175,237,105 203,857,449 252,306,793 285,244,583 13.1% 1.2%
19 Costa Rica 350,387,476 349,965,650 361,595,178 331,993,075 303,657,275 288,708,818 288,042,636 265,394,189 -7.9% 1.1%
20 Jordan 9,340,484 43,712,722 87,677,668 135,645,195 227,373,671 260,932,483 292,527,338 250,450,866 -14.4% 1.1%
21 Haiti 124,783,683 109,001,436 108,984,497 136,659,018 153,573,062 204,959,884 251,576,045 247,099,548 -1.8% 1.1%
22 Macau 256,474,685 267,863,014 318,918,659 375,773,193 447,111,996 291,849,466 277,129,374 237,644,085 -14.2% 1.0%
23 Malaysia 201,347,035 192,838,245 192,574,845 191,285,046 210,578,653 211,343,190 243,089,921 236,655,208 -2.6% 1.0%
24 Egypt 132,402,734 126,367,224 129,070,490 138,546,251 156,028,635 164,687,894 202,042,789 208,494,461 3.2% 0.9%
25 Korea 587,193,235 631,956,831 649,953,607 575,584,376 624,399,744 359,384,504 309,434,470 205,269,368 -33.7% 0.9%
CAFTA-DR 3,376,666,866 3,331,243,515 3,494,430,213 3,685,156,302 3,790,833,977 3,787,313,907 3,406,982,921 3,341,778,743 -1.9% 14.3%
% Under CAFTA-DR N/A N/A N/A N/A N/A N/A N/A N/A
Caribbean Basin 3,650,899,587 3,570,139,368 3,713,895,054 3,920,299,171 4,019,064,775 4,041,997,068 3,699,457,887 3,620,407,128 -2.1% 15.5%
% Under CBTPA N/A 59.3% 68.1% 70.9% 70.2% 73.3% 37.7% 13.3%
Sub-Saharan African 164,161,071 218,417,191 277,231,630 398,786,978 440,300,460 376,768,698 325,964,642 332,309,865 1.9% 1.4%
% Under AGOA N/A 34.2% 71.9% 77.9% 91.9% 96.9% 97.5% 98.3%
Andean Region 159,198,891 141,565,998 152,850,743 205,137,249 252,744,864 238,173,824 218,324,758 187,197,765 -14.3% 0.8%
% Under ATPDEA N/A N/A N/A 65.9% 84.5% 91.2% 94.0% 94.3%
% Under Program = The percentage of imports from the region entered under the applicable trade preference program or free trade agreement.
CBTPA = The Caribbean and Central American countries covered by the Caribbean Basin Trade Partnership Act, which went into effect October 2000.
CAFTA-DR = The countries included in the U.S./Central America Free Trade Agreement - Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua, which went into effect in March 2006.
AGOA = The sub-Saharan African countries covered by the African Growth and Opportunity Act, which went into effect October 2000.
Andean (ATPDEA) = The four Andean countries (Bolivia, Colombia, Ecuador and Peru) covered by the Andean Trade Promotion & Drug Eradication Act, which went into effect October 2002.
Source: Office of Textiles and Apparel, (OTEXA), International Trade Administration, U.S. Department of Commerce, http://www.otexa.ita.doc.gov
Nonrubber Summary
Rubber Summary