Fashion Is Made Possible by Global Trade
The United States Fashion Industry Association (USFIA) is dedicated to advancing fashion made possible through global trade.
USFIA represents U.S.-based brands, retailers, importers, and wholesalers operating worldwide. Founded in 1989, USFIA works to eliminate tariffs and non-tariff barriers that limit the U.S. fashion industry’s ability to trade freely and create jobs.
Headquartered in Washington, D.C., USFIA serves as the voice of the fashion industry to the U.S. government, international governments, and industry stakeholders. Through continuous two-way communication, USFIA staff and advisors serve as the eyes and ears of members in Washington and around the world, helping them stay ahead of today’s and tomorrow’s regulatory challenges. Through publications, educational programs, and networking opportunities, USFIA also connects brands, suppliers, service providers, and other key stakeholders across the global fashion supply chain.
2023 USFIA Fashion Industry Benchmarking Study
We Asked: Compared to Last Year, How Do You Expect Your Company’s Financial Performance (Profit Margin) to Perform This Year?
Hover over the chart segments to view the percentages.Compared to last year, more respondents expect a positive outlook for 2023, and more than half of companies anticipate improved financial performance.
U.S. Apparel Importers Continue to Diversify Sourcing — and 2023 Is No Exception
Sources of U.S. Apparel Imports (by value)
2023 Sourcing Trends and Outlook Report
- China remains the largest supplier, but its market share continues to decline
- Asian apparel suppliers continue to dominate sourcing strategies
- Unit values for apparel and textiles reflect inflation and rising costs
- Despite declining imports, alternative sourcing countries are emerging
- Free trade agreements and preference programs remain underutilized despite high tariff rates
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