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    Home > Chemicals Industry > Rubber Plastic News > U.S. tariffs on China dampen growth in its footwear imports

    U.S. tariffs on China dampen growth in its footwear imports

    • Last Update: 2022-08-21
    • Source: Internet
    • Author: User
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    Arthur Friedman, author of Sourcing magazine, writes that new data shows that China remains the largest supplier of footwear to U.
    S.
    brands and merchants, as the trade war between the world's largest economies continues to erode Chinese footwear.
    Class export, breaking the procurement pattern


    .


    According to the Office of Textiles and Apparel (OTEXA) of the Ministry of Commerce, as of the end of September, although the market share of Chinese footwear exports to the United States rose slightly from 49.
    25% in the previous month to 49.
    39%, the export value fell by 8.
    58%.
    % to $9.
    69 billion


    .


    Meanwhile, in the first nine months of this year, U.
    S.
    imports of footwear from Vietnam increased by 11.
    1 percent to $5.
    11 billion, with Vietnam continuing to be the second largest supplier of footwear to the


    U.


            The Footwear Wholesalers and Retailers Association of America (FDRA) noted in its monthly analysis that the number of U.
    S.
    footwear imports fell 1.
    6% compared to September 2018, the first decline in the past seven months


    .


            China and Vietnam accounted for 75.
    43 percent of U.
    S.
    footwear imports, but the pattern among lower-tier suppliers has changed, according to the Commerce Department's Office of Textiles and Apparel (OTEXA)


    .


            Among the top 10 footwear suppliers, India, Cambodia, Spain and the Dominican Republic all increased their exports to the US


    .


            Driven by the imposition of an additional 10% tariff on Chinese goods by the United States on September 1, American footwear buyers shifted their orders from China to other countries


    .


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