Apparel exports from Mexico and Canada to the US declined during Jan-Feb ’19. US imports from these countries declined by 9.37 per cent and valued at $589 million against $649.92 million in the same period of prior year. The decline from Mexico was 10.28 per cent as export plunged to $498.62 million in the first two months of this year as compared to $555.62 million in the corresponding period last year.
On the other hand, Canada’s exports to the US fell by 4.11 per cent and clocked in $90.41 million as compared to $ 94.29 million in the same period of 2018. The fall in exports from Mexico and Canada was witnessed despite the close proximity of these countries with the USA.
On contrary, the US’ worldwide imports surged 5.12 per cent which signals a rising demand in the US apparel market. Amidst this demand, downturning export of Mexico and Canada is a worry as NAFTA agreement is still alive but is not helping these countries to gain a good chunk in the US apparel.
