The official data of the apparel import by USA says, the country has fallen by 8.70 per cent in February ’21 on Y-o-Y basis. The country imported US $ 5.39 billion worth of garments in February this year as against US $ 5.91 billion in the same month of 2020.
However, volume-wise, USA saw a yearly increase of 3.20 per cent in its apparel import and the growth has been recorded after 17 months (on Y-o-Y basis).
USA imported 2,069.78 million SME of garments in the 2nd month of 2021, as compared to 2,005.80 million SME in the same month of 2020.
There was a drastic drop in the unit prices of the imported apparels as the prices declined to US $ 2.60 per SME in Feb. ’21 as against US $ 2.95 per SME in Feb ’20.
The apparel export destinations such as Pakistan, China, Bangladesh, Egypt, etc. noted growth in volume-wise apparel shipment to USA, while China and Pakistan upped their shipment on value-terms as well.
India, Vietnam and Indonesia declined in both value-wise and volume-wise apparel export to USA.
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