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US’ yearly apparel imports fall by 43 per cent

  

Latest data from OTEXA shows, US apparel imports fell 43 per cent on Y-o-Y basis in June ’20. The total imports valued at $3.97 billion as against $6.94 billion in the same month of 2019. However, imports surged by 49.81 per cent in June ’20 over May ’20. The performance in June was the best amongst all three months of April, May and June. The total value of apparel imports in April was $3.41 billion.

In volume-terms, US apparel imports slumped by 34 per cent on Y-o-Y basis to 1,500 million SME. Its imports from China tumbled by 49 per cent in June ’20 to $1.15 billion with fall volumes being 32 per cent on Y-o-Y basis. However, on a monthly basis, there was a massive rebound of 59.60 per cent in the Chinese shipment to the USA in June ’20 over May ’20.

US’ imports from Vietnam declined 20 per cent to $848.87 million. However, its monthly imports from the country in June ’20 increased by 35.92 per cent. Yearly imports from Bangladesh declined 56 per cent in June’20. However its monthly imports surged by 36.62 per cent to $230.15 million. And imports from India declined 63 per cent in June ’20 over June ’19 to hit $113.45 million from its apparel exports. However, its monthly imports in June’20 surged by 80.13 per cent over May ’20.

 
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