The denim apparel imports of the USA continued falling in November ’20 as well followed by an overall apparel shipment contraction of the country.
USA imported US $ 264 million worth of denim apparels in November month, declining 10.90 per cent on Y-o-Y basis and 19.53 per cent on M-o-M basis.
After witnessing a yearly growth for 3 consecutive months (August, September and October) in its denim apparel shipment to USA, Bangladesh plunged by 2.66 per cent in November clocking US $ 54.80 million revenues.
What should worry Bangladesh is a monthly decline of 24 per cent in Nov. ’20 over Oct. ’20 at a time when Mexico – which stands at the second spot – just dropped by 2.35 per cent on monthly note.
However, Bangladesh is still the top denim shipper to USA as, cumulatively, it hit US $ 522.77 million in Jan.-Nov. ’20 period and the value is around US $ 100 million more than Mexico.
Mexico’s denim shipment decreased by 10.46 per cent in Nov. ’20 over Nov. ’19 and was worth US $ 50.77 million.
As far as Vietnam (3rd top denim apparel shipper to USA) is concerned, it was down by 2.97 per cent on Y-o-Y basis and its denim apparel shipment to USA totalled US $ 33 million in Nov. ’20, while it saw a plunge of 20.78 per cent on M-o-M basis.
China fell big time both on Y-o-Y basis (down 36.46 per cent) and M-o-M basis (down 25.75 per cent) to clock US $ 28.15 million in November ’20.