Volume of US’ apparel imports in November was higher compared to same month last year. In November, the country imported 2,004.64 million SME apparels a rise of 9.50 per cent on year-on-year basis. However, import value was down 4.70 per cent to $5.28 billion.
Imports fell 23.70 per cent in November in values terms on month-on-month basis as compared to October 2020, when it imported $6.92 billion worth of garments. Reports suggest the decline in November import values indicates manufacturers who ship apparels to the US reduced prices to grab more orders in festive season and are now anticipating recurring business from buyers after the season is over.
The unit prices in November 2020 were just $2.63 per SME as against $3.02 per SME in November 2019. Unit prices were lower than October’s figure $ 2.75 per SME. While Asian countries dominated the US market both in terms of quantities and values, sourcing from African, Caribbean countries and Latin America also decreased in November.