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Tuesday, 09 February 2021 17:01

Canada’s RMG imports decline by 14.20% in value

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The value of Canada’s RMG imports declined by 14.20 per cent in 2020. The country imported $ 8.67 billion worth of garments in the pandemic-hit year down from $ 10.10 billion in 2019.

Knitted clothing constituted $ 4.37 billion in total Canadian apparel imports, declining 18.03 per cent in 2020 from 2019, while the fall registered by woven clothing segment was 9.89 per cent valuing US $ 4.30 billion.

The fall in import of woven clothing was less than the fall noted in knitted category which is somehow surprising as the other major apparel markets in the world have experienced a rise in demand in knitted clothing, especially in the second half of the year, owing to pandemic which led world’s population working remotely or opting for work from home system.

Particularly in December ’20, Canada’s import valued $ 629.90 million which was down by 8.96 per cent on Y-o-Y basis.