COVID-19 impact: USA slumps 10.72% in its
apparel import in January 2020
The impact of Coronavirus outbreak has been reflected in USA
apparel imports in January 2020. According to OTEXA, USA
noted serious downfall both in values (11.19 per cent) and
volumes (10.72 per cent) of its global apparel imports.
USA imported 2,312.50 million SME of apparels in January
2020 worth US $ 6,757.89 million as against 2,603.78 million
SME of apparels worth US $ 7,568.93 million in January 2019.
As China was the epicentre of Coronavirus, the country
declared lockdown in many provinces starting third week of
January till late February. This lockdown forced
manufacturers to keep their factories closed.
The New Year holidays also fell in January which added to
woes and China drastically slumped by massive 36 per cent in
its export values to USA in the starting month of 2020. From
US $ 2,527.33 million in January 2019, China brought down
its export to US $ 1,615.71 million in January 2020.
Interestingly, apparel shipments from Vietnam to USA also
did not escalate too much majorly because of its TET
holidays in January. The country shipped apparels worth US $
1.31 billion revenues to USA and noted 4.12 per cent growth
in values. This decent growth coupled with China’s slump
made Vietnam’s apparel export to USA almost equivalent to
that of China’s.
Amidst this changing landscape, even if it is temporary,
Bangladesh was the one which took advantage and jumped
significantly by 17 per cent in export value to hit US $
622.40 million mark. The growth is noteworthy for the
country as it concluded 2019 with stagnation in its exports
India again seemed to have missed the bus as it couldn’t
grab the opportunity and nosedived by 2.81 per cent to ship
apparels worth US $ 370.50 million to USA in January 2020,
as per the data of OTEXA.
The biggest beneficiaries from Asia were Cambodia (up 20 per
cent) and Myanmar (up 86.95 per cent). Myanmar almost
doubled its apparel exports to USA which is overwhelming for
the country’s manufacturers. It shipped US $ 29.72 million
worth of garments to the US in January 2020 as against US $
15.90 million worth of garments in January 2019.
On the other hand, Cambodia escalated its apparel exports to
US $ 277.40 million in January 2020 from US $ 231.32 million
in January 2019.
It is expected the apparel trade between countries is not
going to improve even in February as COVID-19 has severely
impacted supply chain not just in China but other major
manufacturing hubs across the world as well. This is going
to impact all manufactured goods as well as services.