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Source: 2020 USFIA Fashion Industry Benchmarking Study
Measured by value, more than 70% of US apparel imports still came from Asian countries in 2020 – a pattern that has stayed stable for over a decade. Except for China, other leading Asian apparel suppliers all gained market shares in 2020 from a year earlier. This includes Vietnam (19.6% in 2020 vs 16.2% in 2019), ASEAN members (32.3% in 2020 vs 27.4% in 2019), Bangladesh (8.2% in 2020 vs 7.1% in 2019), and Cambodia (4.4% in 2020 vs 3.2% in 2019).
According to the 2020 US Fashion Industry Benchmarking Study released by the US Fashion Industry Association (USFIA),
Asian suppliers overall enjoy two competitive advantages as apparel sourcing bases: sourcing cost, and flexibility and agility. These two factors are also the most relevant during the pandemic.