China’s share not just remained the highest amongst all but it increased from 2019 as well. The share of China was 37.57 per cent in total Canadian apparel import values in 2020, while it hovered around just 35 per cent in 2019.
Business News
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Bangladesh concluded 2020 with the top position in tally and shipped US $ 561.29 million worth of denim apparels to USA, noting a slight fall of 3.98 per cent. Vietnam too showed resilience as it dropped by just 1.08 per cent in 2020.
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What’s noteworthy is that Cambodia grew both in volumes and values in its apparel shipment to USA in 2020 over 2019. In volume terms, Cambodia even surpassed Indonesia and India to climb to the 4th spot after China, Vietnam and Bangladesh from 6th rank in 2019 tally.
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Although USA fell by 12.20 per cent in its total swimwear imports during the 11th month of 2020, both Vietnam and Indonesia remained unaffected and showed resilience which led them capture major chunk of the US swimwear market.
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The total export of the country is US $ 281.50 billion in 2020, while the imports are projected to be US $ 262.40 billion.