Cotton trouser is one of the important product categories for the US buyers; however, the import of the same has sharply fallen in January-October ’20 by 25.61 per cent in value term.
The total import of cotton trousers valued US $ 7.61 billion in the 10-month period shrinking significantly from US $ 10.24 billion in the same period of 2019, according to OTEXA.
Out of 35 cotton trousers’ shippers to USA, only 2 managed to grow on Y-o-Y basis which are Ethiopia and Myanmar.
Ethiopia shipped US $ 58.34 million worth of cotton trousers to USA in the said period, marking 21.86 per cent surge from the same duration of 2019.
On the other hand, Myanmar totalled US $ 17.68 million (up 82 per cent) in its cotton trouser export to USA. Markedly, both the countries have shown resilience even in some other product categories made out of cotton in 2020.
Bangladesh, the top exporter of the segment to USA, declined by 18 per cent to US $ 1.66 billion, while Vietnam remained at second spot with US $ 1.44 billion export revenues which were down by 4.55 per cent on Y-o-Y note.
As far as India is concerned, it slipped to the 9th spot in 2020 because of significant fall of 34.40 per cent on yearly note and the export of the cotton trousers to USA valued just US $ 187.34 million.
What’s setback for India is that it has been surpassed by Jordan which grabbed 8th rank with US $ 235.0 million export figures in Jan.-Oct. ’20, falling by just 6.65 per cent from Jan.-Oct. ’19 period.
