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Canada reports 53.93 per cent growth in RMG imports in July ’20

  

Canada’s RMG imports grew 53.93 per cent in July’20. The country imported $870.24 million worth of apparels in July ’20 as compared to $565.33 million in the preceding month. However, the country’s RMG imports declined 28.63 per cent to $4.23 billion on YTD basis.

All major Asian countries benefitted from demand recovery in Canada. On month-on-month basis, China registered 93.96 per cent growth in July ’20 shipment over June ’20. Shipments by India grew 33.87 per cent in July ’20 over June ’20 to $16.67 million. However, the country fell by around 50 per cent in its yearly shipment in July ’20 and by over 39 per cent in the YTD. In YTD, though Bangladesh suffered around 41 per cent loss from 2019 export level, the country upped its shipment by a whopping 80.52 per cent in July ’20 over June ’20 to $84.88 million.

 
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