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The de minimis law, aimed at easing customs procedures for low-value imports, benefits small industries but harms domestic sectors. US, with one of the highest thresholds, faces challenges from Chinese
Canada's apparel imports from Vietnam fell 12.66 per cent to $1.431 billion in January-November 2023. Vietnam supplied 14.19 per cent of Canada's $10.091 billion total apparel imports. Woven apparel
In 2023, US experienced a 12.28 per cent decline in textile and apparel imports, totalling 92,783.4 MSME. Apparel imports decreased by 21.67 per cent, while textile imports dropped by 8.38 per cent.
In January 2024, Japan's clothing and accessories imports decreased by 1.3 per cent, totalling 307,068 million yen (about $2.04 billion), 3.4 per cent of total imports. Textile yarn and fabric imports
EU textile imports decline due to economic slowdown and stringent regulations, with a 19.7 per cent drop in apparel imports in 2023. China and Bangladesh lead the decrease. Men's apparel imports increase