As per official data, apparel imports by the United States declined by 23.46 per cent in 2020. The country imported apparels worth $64.07 billion during the 2020, recording a decline of $17.60 billion from 2019, reports Apparel Resources. This affected its partner countries whose exports declined by double-digits, except Vietnam which recorded a single-digit export decline.
In volume terms, US’ apparel imports plunged 16.37 per cent to 23,132.80 million SME in 2020. The unit prices of these imports also nosedived by 8.28 per cent in 2020 as compared to 2019 when UVR remained US $ 3.02 per SME. Particularly in December ’20, the volume of US’ apparel imports declined by 1.40 per cent on Y-o-Y basis. Imports shrunk 16 per cent to $4.83 billion in the last month of 2020.
