According to official custom statistics of Canada, the country tumbled by 46.63 per cent in its global apparel imports in the month of April.
Canada imported US $ 715.15 million worth of apparels in April ’20 as compared to US $ 381.70 million in April ’19. The drop in import is obvious as COVID-19 led apparel retailers close their stores and cancel orders.
Of all exporting destinations, China remained the most affected country with over 54 per cent fall in its apparel exports shrunk to below US $ 100 million. The Chinese apparel shipment to Canada valued at just US $ 97.38 million in April ’20 as against US $ 212.13 million worth of shipment in the same month of 2019.
Bangladesh, the second largest exporting country to Canada, also experienced the heat of ongoing fluctuation in apparel trade. The country saw a drop of 33.17 per cent to clock just US $ 68.92 million from apparel exports to Canada in April this year; while the export value in the corresponding month of the prior year was US $ 103.12 million.
This time even major ASEAN countries such as Cambodia, Vietnam and Indonesia too dwindled in their respective exports to Canada.
Cambodia which is the largest apparel supplier to Canada from ASEAN region fell by 23.92 per cent on Y-o-Y basis in April ’20 to ship US $ 59.11 million worth of garments to the North American country.
On the other hand, Vietnam showed positive trend in its export of some of the product categories in April month to the US market, but couldn’t see growth in Canadian apparel market and plunged by 26.32 per cent to ship US $ 54.42 million apparels to Canada. The export value in April ’19 stood at US $ 73.86 million.
India’s performance wasn’t any sort of different from other Asian countries as its apparel exports reduced to US $ 13.67 million worth of apparels to Canada as compared to US $ 32.90 million of apparels in April ’19, marking a yearly downfall of 58.45 per cent.
