The textile and clothing imports of the USA under United States-Mexico-Canada Agreement (previously NAFTA) have fallen 23.79 per cent in January-October ’20 period.
According to OTEXA, the imports of USA valued US $ 3.64 billion in the said period as against US $ 4.78 billion in the same period of 2019.
Of total import of USA, apparels contributed US $ 2.16 billion and fell 33 per cent on yearly note.
Mexico shared US $ 1.81 billion (down 32.47 per cent) and the contribution of Canada was US $ 351.27 million (down 35.74 per cent) in US apparel import in first 10 months of 2020.
On the other hand, the fall in textile imports of USA from these two countries was comparatively less than decline in apparel segment.
Mexico shipped US $ 977.79 million worth of textile products to USA in Jan.-Oct. ’20, marking just 6.16 per cent Y-o-Y decline.
Canada, however, noted just 1.48 per cent fall in its textile exports to USA which valued US $ 505.19 million.
It’s worth noting here that USA has seen Y-o-Y growth from some Asian and African countries in its apparel imports during pandemic-hit year but the downfall from Mexico and Canada is a serious dent in ‘nearshoring’ approach of the US buyers.
