USA has seen a dismal start of 2021 as it nosedived by 18 per cent in its apparel import values and 7.70 per cent in volumes during January ’21 – as says OTEXA data.
The fall in the country’s import impacted the partner countries, and all major Asian export destinations felt the brunt as they saw plunging value-wise exports to USA in double digits including India, China, Bangladesh, Indonesia, Cambodia and Vietnam.
As far as volume-wise import of USA is concerned, Indonesia and Vietnam fell in double digits, while Bangladesh, China and India declined in single digit.
On the other hand, Pakistan remained the only country in top 10 tally which noted significant surge both in value terms and in volumes terms in its shipment to the US market during January ’21.
Below tables contain the complete details –
Y-o-Y % Change in Volume-wise Apparel Exports to USA from Top 10 Countries:
(Qty in million SME)
Countries | Jan ’20 | Jan. ’21 | % Change |
World | 2,311.35 | 2,134.52 | (-) 7.65 |
China | 826.63 | 794.96 | (-) 3.83 |
Vietnam | 392.91 | 348.42 | (-) 11.32 |
Bangladesh | 219.08 | 198.66 | (-) 9.32 |
Cambodia | 102.68 | 91.14 | (-) 11.25 |
Indonesia | 106 | 77.40 | (-) 26.98 |
India | 105.16 | 94.93 | (-) 9.73 |
Honduras | 57.86 | 46.96 | (-) 18.83 |
Mexico | 56.88 | 54.13 | (-) 4.83 |
Pakistan | 58.60 | 68.62 | 17.10 |
El Salvador | 42.13 | 39.66 | (-) 5.87 |
Y-o-Y % Change in Value-wise Apparel Exports to USA from Top 10 Countries:
(Values in US $ million)
Countries | Jan ’20 | Jan. ’21 | % Change |
World | 6,761.62 | 5,521.70 | (-) 18.34 |
China | 1,620.50 | 1,297.96 | (-) 19.90 |
Vietnam | 1,318.16 | 1,072.66 | (-) 18.62 |
Bangladesh | 622.82 | 519.37 | (-) 16.61 |
Indonesia | 412.69 | 275.78 | (-) 33.17 |
India | 370.48 | 287.95 | (-) 22.28 |
Cambodia | 277.69 | 229.61 | (-) 17.31 |
Mexico | 205.27 | 178.31 | (-) 13.14 |
Honduras | 153.83 | 138.31 | (-) 10.09 |
Pakistan | 131.06 | 146.77 | 12 |
Sri Lanka | 182.150 | 133.72 | (-) 26.59 |