U.S. Footwear Imports Jumped
U.S. imports of footwear rose significantly in May as the relatively strong dollar and healthy footwear sector stimulated demand for product from Asia.
According to Commerce Department data released this week, U.S. footwear imports jumped by 6.7% compared to May 2014, to $2.1 billion, versus a 7.2% drop in overall goods and services imports in the month.
China, Vietnam, Indonesia, Italy and India are the top sources of U.S. imported footwear so far this year, with Vietnam up by 62 percent to $1.7. billion year to date, and China ahead by 23 percent to $6.6 billion. Imports from Italy are ahead 28 percent so far this year, to $563 million.
Footwear exports continued to outperform the total export market as well, increasing by 1.6% to $65 million, compared to a 7.5% drop in overall imports.
You can find the latest U.S. International Trade in Goods and Services Report on census.gov
We at Mylo Trade connect footwear importers from the U.S. with the best footwear exporters from China, Vietnam, Turkey, Indonesia, Italy and India. To learn more about how to grow your footwear import business in U.S., send us an email.