Canada grew by 4.62 per cent in its apparel imports in 2019, according to Statistics Canada which is country’s national statistics agency.
The North American country imported US $ 10.11 billion worth of garments in 2019 as against US $ 9.66 billion of garments in 2018.
Out of all major exporting countries, China remained at the top despite falling by 4.79 per cent in its RMG exports to Canada. China shipped apparels worth US $ 3.54 billion to Canada, which constitutes about 35 per cent of overall Canadian apparel imports.
Bangladesh grabbed the 2nd position and is seeing some stiff competition from Vietnam which is placed at 3rd spot in RMG exports to Canada. Both the countries grew in double digits in their exports to Canada in 2019. The North American country is already more than US $ 1 billion market for Bangladesh, while Vietnam also crossed this figure in 2019 and is causing mighty competition between them.
Bangladesh’s RMG exports to Canada valued at US $ 1.29 billion (up 15.51 per cent), while Vietnam stood at US $ 1.06 billion marking 22.16 per cent in its respective exports to Canada.
As China is falling, Cambodia seems to be a beneficiary as the South-East Asian country also crossed US $ 1 billion mark in its exports to Canada for the first time ever. Cambodia noted 12.3 per cent growth to ship US $ 1.01 billion worth of apparels to Canada.
India, on the other hand, is losing grounds in the Canadian apparel market which was a positive market for India till 2018. India has not been able to grab the shift coming from China and the same is being captured by Bangladesh, Vietnam and Cambodia.
India’s apparel exports to Canada stood at US $ 317.78 million in 2019 which was down by 0.35 per cent from what it exported in 2018.
Seeing the data, one thing is also clear that there is a big gap between the export values of 4th top exporter to Canada (Cambodia) and 5th top exporter (India). And this indicates that if any of the top 4 exporters starts losing market value, there will be a great shift for rest of the countries to capture.