Uncertainty continues as USA apparel import trend shows monthly decline in April ’21 both in volumes and values; however exception is that the country grew as compared to April ’20 – which was predominantly a month when COVID-19 paused trade activities worldwide.
According to the latest data released by OTEXA and compiled by Apparel Resources, USA imported 2,066.06 million SME of garments in April ’21, noting 17.27 per cent drop from March ’21.
Value-wise, the country declined 12.69 per cent on M-o-M basis in April ’21 importing US $ 5.62 billion worth of garments.
As far as yearly percentage change is concerned, USA increased in its value-wise and volume-wise import by 66.20 per cent and 70.60 per cent, respectively, in April ’21.
The trend of monthly decline and yearly increase was followed by all major apparel manufacturing countries. (See Table 1 and Table 2 below)
Volume-wise Apparel Exports to USA from Top 10 Countries
(Qty in million SME)
Countries |
Apr. ’20 |
Mar. ’21 |
Apr. ’21 |
% Change (between Apr. ’20 and Apr. ’21) |
% Change (between Mar. ’21 and Apr. ’21) |
World | 1,211.32 | 2,497.50 | 2,066.06 | 70.60 | -17.27 |
China | 339.90 | 752.81 | 549.47 | 61.70 | -27.01 |
Vietnam | 244.97 | 468.95 | 379.70 | 55 | -19.03 |
Bangladesh | 144.90 | 216.66 | 190.54 | 31.50 | -12.06 |
Cambodia | 63.44 | 136.82 | 95.15 | 50 | -30.46 |
India | 65.68 | 119.87 | 116.37 | 77.20 | -2.92 |
Indonesia | 78.04 | 103.65 | 112.75 | 44.50 | 8.78 |
Honduras | 5.30 | 80.20 | 66.51 | 1,154 | -17.07 |
Pakistan | 46.54 | 79.02 | 63.56 | 36.60 | -19.56 |
Mexico | 24.55 | 74.47 | 70.09 | 185 | -5.88 |
El Salvador | 4.29 | 65.09 | 52.85 | 1,131 | -18.80 |
Table 1 (Courtesy – Apparel Resources)
Value-wise Apparel Exports to USA from Top 10 Countries
(values in US $ million)
Countries |
Apr. ’20 |
Mar. ’21 |
Apr. ’21 |
% Change (between Apr. ’20 and Apr. ’21) |
% Change (between Mar. ’21 and Apr. ’21) |
World | 3,413.35 | 6,496.55 | 5,672.14 | 66.20 | -12.69 |
China | 620.82 | 1,237.07 | 979.08 | 57.70 | -20.85 |
Vietnam | 805.34 | 1,333.41 | 1,131.29 | 40.50 | -15.16 |
Bangladesh | 399.87 | 531.68 | 470.73 | 17.70 | -11.46 |
India | 220.48 | 382.68 | 370.32 | 68 | -3.23 |
Indonesia | 282.95 | 344.71 | 376.31 | 33 | 9.17 |
Cambodia | 178.51 | 324.23 | 252.31 | 41.30 | -22.18 |
Mexico | 65.97 | 243.84 | 204.32 | 210 | -16.21 |
Honduras | 18.02 | 225.98 | 189.75 | 953 | -16.03 |
Pakistan | 99.17 | 179.02 | 140.43 | 41.26 | -21.56 |
El Salvador | 12 | 168.33 | 140.42 | 1,069 | -16.58 |
Table 2 (Courtesy – Apparel Resources)
It’s worth mentioning here that Indonesia was the only country in top 10 tally which grew on M-o-M basis both in volumes and values in April ’21 shipment.
Vietnam secured 1st rank with US $ 1.13 billion worth of garment exports to USA, followed by China (US $ 979.08 million) and Bangladesh (US $ 470.63 million).
Cumulatively, the apparel import done by USA remained positive by 8.53 per cent to US $ 23.07 billion during January-April ’21 period. Volumes too upped by 21.47 per cent to 8,762.49 million SME.