The import of men & boys (MB) denim jeans by the US fell drastically in May ’20 both in quantity and value on yearly basis. Shipment was worth 444,155 dozen in quantity and $37.95 million in value during May this year, falling 75 per cent and 77.80 per cent, respectively. As far as monthly decline is concerned in May ’20 over April ’20, total MB jeans import plunged 25.57 per cent in value and 22.60 per cent in quantities. The US’ import of MB denim jeans in April ’20 was valued at $51 million.
The cumulative decline in January-May ’20 period was 38.78 per cent and the import valued at $437.74 million, a $278 million less than what the country had imported in Jan.-May ’19 period. Of all countries, Mexico noted staggering growth of 104.7 per cent in quantity of MB jeans exports to the US in May ’20 over April ’20, while it escalated by 86.17 per cent in value-terms.
Bangladesh was the second largest exporter of MB jeans to the USA with 80,210 dozen shipment worth $5.82, which is a sharp decline of 80.30 per cent and 81.30 per cent, respectively, on yearly basis. Nicaragua registered a Y-o-Y fall of 61.70 per cent in value and 57.40 per cent in quantity, while China tumbled by 80.40 per cent in values and 80.60 per cent in quantity in May ’20 over May ’19. China’s decline was worse than Nicaragua. The CAFTA-DR benefitted country surpassed China to ship $4.10 million worth of MB jeans to the US in May ’20. The shipment value of China stood at just $2.09 million.