USA: Trade Deficit, Clothing Imports Hit Record Highs
The US trade deficit widened to a record $37,638 million in May from $36,140 million in April, with economic recovery fuelling the United States' highest-ever demand for imports of clothing, motor vehicles and electrical goods, the Commerce Department reported. Exports increased to $80,635 million in May from $80,049 million in April, while imports rose more sharply to $118,273 million from $116,190 million over the same period, according to figures released by the department on Friday.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- American Apparel to shutter all stores?
- New project to digitalise European fashion chains
- MAS Holdings planning second industrial park
- Outdoor performance apparel 2016: A broader perspective
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016