As per Apparel Resources, after a temporary setback in September ’20 both on M-o-M and Y-o-Y basis, Canadian apparel import values improved significantly in October. The report estimates the import value of Canada to have increased by 15.21 per cent from October ’19 to $ 960 million in October ’20, and by 5.39 per cent as compared to September ’20. Imports increased with the onset of festive season in November and this surge is expected to continue till December.

Of all, the value of knitted garments imports increased to $508.97 million while that of woven garment categories reached $ 451.03 million. Imports of woven garments increased by 27.95 per cent in October ’20 over October ’19 while those of knitted garments increased by 5.87 per cent.

As far as January-October ’20 period is concerned, Canadian apparel import declined by 17.57 per cent to $7.23 billion, making a total loss of $1.54 billion for exporters from a year earlier.

As per estimates import recovery benefitted partner countries and all top Asian apparel manufacturing destinations. China’s share increased 31.84 per cent from October’19 to $381 million in October ’20. The country’s share has been falling for last two months as it stood at 45.63 per cent in August which fell to 42 per cent in September and has gone further down to below 40 per cent in October.

On the other hand, Bangladesh’s shipments increased 1.25 per cent to $106.94 million worth of garments to Canada in October ’20, noting 9.79 per cent growth from a year earlier. However, as compared to September ’20 figures, Bangladesh shipped just 1.25 per cent more garments in the subsequent month. India exported $25.19 million worth of garments to Canada in October, noting 17.61 per cent growth from October ’19 and 39.72 per cent surge from September ’19.