For the second consecutive month, Vietnam remained ahead of China in apparel exports to USA.
In April ’20, Vietnam shipped US $ 184 million worth more garments to USA than China. It’s worth recalling here that Vietnam surpassed China to become the top apparel export to USA in March ’20.
However, post-pandemic effects can be seen in Vietnam’s export value – US $ 805.34 million – which fell drastically by 20 per cent on Y-o-Y basis in April ’20, as suggested by data of OTEXA.
China noted 59 per cent fall in its exports in April ’20 which is, by now, the largest fall of the country in terms of apparel exports to USA. The shipment value stood at US $ 621 million in the month which is US $ 895 million less than what China had exported to USA in the same month of 2019.
During the fourth month due to pandemic situation, the total apparel imports of USA reduced to US 3.41 billion, marking 45 per cent downfall on the yearly note.
Vietnam constituted 23.58 per cent in overall import value of USA, while China’s share shrunk to 18.18 per cent in the month of April.
Bangladesh’s fall (13 per cent) was comparatively lower than that of China and Vietnam and the country’s apparel shipment valued at US $ 400 million in April ’20 as against US $ 462.19 million in April ’19.
The lockdown forced factories to shutdown in India and this resulted in drastic deceleration of 46 per cent in the country’s apparel export value to USA, which stood at US $ 220.50 million.
Except Myanmar (up 13 per cent) and Tanzania (up 32.5 per cent), all other apparel exporting destinations tumbled in the month of April in their respective exports to USA. Myanmar clocked US $ 17.15 million in its apparel exports to USA, while Tanzania’s export value remained relatively small – US $ 6.28 million.