After falling by over 23 per cent in apparel imports during 2020, USA couldn’t see any positive turnaround to start 2021!
The official data says USA fell by 18 per cent to US $ 5.52 billion in its apparel import values during January ’21 as compared to US $ 6.76 billion in January ’20.
In terms of volume, USA tumbled by 7.70 per cent to 2.13 million SME in the first month of 2021.
There was a drastic drop in the unit prices of the imported apparels as the prices sunk 11.64 per cent to US $ 2.58 per SME in Jan. ’21 as against US $ 2.92 per SME in Jan ’20.
However, as compared to December ’20, the import values got a surge which says M-o-M recovery is on track.
In December ’20, USA imported US $ 4.83 billion worth of apparels so the surge witnessed in the following month (January ’21) was 14.28 per cent.
All major apparel export destination tumbled in their respective shipment to USA in January such as China, Vietnam, Bangladesh, India and Indonesia, while the countries such as Pakistan, Egypt, Ethiopia and Colombia improved their performance on Y-o-Y basis.
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