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TEXTILE AND APPAREL IMPORTS POST RECORD OCTOBER

 TEXTILE AND APPAREL IMPORTS POST RECORD OCTOBER
 WASHINGTON, Dec. 19 /PRNewswire/ -- Textile and apparel imports


hit an all-time high for October, according to figures released today by the U.S. Department of Commerce.
 This was the second consecutive monthly record.
 October textile and apparel imports increased 15.1 percent over October 1990, totaling 1.273 billion square meters.
 Textile imports alone increased 17.3 percent over October 1990, while apparel imports jumped 12.8 percent, yarn soared by 57.3 percent and cotton products grew 18.6 percent.
 The textile and apparel trade deficit for October was 11.7 percent greater than October 1990, although for the recession months of January through October, the deficit declined 4.4 percent.
 American Textile Manufacturers Institute President Neil H. Hightower said the most recent surge of imports was not unexpected. "We have been saying for months that imports had slackened only because the economy was down. We said that imports could come back stronger than ever because quotas continue to increase even when imports are declining.
 "What is really disturbing is that this month's record imports will be followed by more records. The likely outcome of the Uruguay Round negotiations will produce a doubling of imports over the next 10 years, the loss of more than 1 million U.S. textile and apparel jobs and a reduction of more than 60 percent of current production levels.
 "The textile agreement is going to be completed tomorrow by Arthur Dunkel, the director general of the General Agreement on Tariffs and Trade. We urge the administration to reject it if it does not provide for a 15-year phaseout with a meaningful market opening mechanism to require other countries to open their markets in exchange for liberalizing U.S. quotas."
 A summary of Commerce Department figures follows:
 U.S. TEXTILE AND APPAREL IMPORTS
 (million sme)
 OCT. Pct (YTD) JAN.-OCT. Pct.
 1991 1990 Chg. 1991 1990 Chg.
 TOTAL 1,273.2 1,106.5 15.1 10,578.5 10,405.3 1.7
 Cotton 555.4 468.3 18.6 4,667.8 4,438.8 5.2
 Wool 22.8 17.9 27.4 147.9 146.0 1.3
 MMF 632.7 560.1 13.0 5,368.9 5,448.7 -1.5
 Other 62.3 60.2 3.5 393.9 371.8 5.9
 TEXTILES 660.9 563.5 17.3 5,424.6 5,223.8 3.8
 Yarn 127.6 81.1 57.3 851.8 836.8 1.8
 Fabric 331.6 307.5 7.8 2,874.4 2,619.6 9.7
 Misc. 201.7 174.9 15.3 1,698.4 1,767.4 -3.9
 APPAREL 612.3 543.0 12.8 5,153.9 5,181.5 -0.5
 U.S. TEXTILE AND APPAREL TRADE BALANCE
 (million customs $)
 IMPORTS OCT. Pct. JAN.-OCT. Pct.
 1991 1990 Chg. 1991 1990 Chg.
 Textiles 683 588 16.2 5,771 5,395 7.0
 Apparel 2,846 2,510 13.4 21,875 22,178 -1.4
 TOTAL 3,529 3,098 13.9 27,645 27,573 0.3
 EXPORTS OCT. Pct. JAN.-OCT. Pct.
 1991 1990 Chg. 1991 1990 Chg.
 Textiles 515 449 14.8 4,560 4,141 10.1
 Apparel 326 243 33.9 2,651 2,058 28.8
 TOTAL 841 692 21.6 7,211 6,199 16.3
 BALANCE OCT. Pct. JAN.-OCT. Pct.
 1991 1990 Chg. 1991 1990 Chg.
 Textiles -168 -139 20.6 -1,211 -1,253 -3.4
 Apparel -2,520 -2,267 11.2 -19,223 -20,120 -4.5
 TOTAL -2,688 -2,407 11.7 -20,434 -21,374 -4.4
 -0- 12/19/91
 /CONTACT: Deborah E. Anderson of the American Textile Manufacturers Institute, 202-862-0513 (office) or 703-476-6436 (after hours)/ CO: American Textile Manufacturers Institute ST: District of Columbia IN: TEX SU:


BR-BN -- AT020 -- 4077 12/19/91 16:26 EST
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Date:Dec 19, 1991
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