April ’21 apparel import data of USA indicates that COVID-19 blues, as compared to April ’20, are over. However, monthly fluctuation against March ’21 is still making things uncertain.
According to OTEXA data that is analysed by Apparel Resources, the USA imported US $ 5.67 billion worth of apparels in April ’21, which is 66.20 per cent more than what the country imported back in April ’20 but is down by 12.63 per cent as compared to March ’21 data.
In terms of volumes, USA imported 2,066 million SME of garments in April ’21, noting 70.60 per cent Y-o-Y growth and 17.20 per cent decline on M-o-M basis.
Even if the import data of April ’19 (pre-COVID period) is taken into consideration, USA plunged by 8.44 per cent from US $ 6.16 billion to US $ 5.67 billion in April ’21, which says the largest retail market is not yet back on the usual sourcing.
January-April ’21 period remains positive for USA both in values and volumes –
The first 4-month period of 2021 has remained positive for the US apparel import. The country imported 8,762.49 million SME worth of garments noting 21.47 per cent yearly surge and valued US $ 23.07 billion with an increase of 8.53 per cent on Y-o-Y basis.
The increase in quantities can be attributed to the lowering unit prices which valued US $ 2.63 per SME as compared to US $ 2.94 per SME in January-April ’20.
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