NAFTA declines in its apparel exports to USA in Jan.-Apr. ’20

 

USA declined massively in its apparel imports from NAFTA in Jan.-Apr. ’20 period, both in value terms and volume terms.

According to OTEXA, the USA’s import from NAFTA valued US $ 864.48 million, falling 29.21 per cent from US $ 1,221.15 million in the same period of the prior year. In volume terms, NAFTA declined by 24.41 per cent to ship 219.90 million SME of apparels to USA.

Value-wise, Mexico shared 84.90 per cent in overall imports done by USA in the first 4 months of 2020. The Latin American country shipped 209.24 million SME of apparels worth US $ 733.42 million to USA.

However, there was a huge drop in shipment on Y-o-Y basis – 24.61 per cent in volumes and 29.71 per cent in values.

The shipment of cotton apparels from Mexico to USA was worth US $ 392.56 million, noting 37.74 per cent fall from what it had exported in the corresponding period of the prior year.

The fall of MMF apparel was not as much as cotton apparel but it was still significant fall to consider, which is 16.83 per cent. The total export revenues earned by Mexico in MMF apparels were US $ 305.97 million.

On the other hand, Canada’s share was just 15.10 per cent in total apparels imported by USA under NAFTA agreement, value-wise. The share last year was 14.55 per cent so there is no significant change that Canada has witnessed.

As far as volumes of Canadian shipment to USA are concerned, the North American country fell by 20.26 per cent to export 10.68 million SME of garments, while export values of Canada took a dip of 26.28 per cent on Y-o-Y basis and clocked US $ 131.06 million.

Out of overall export value of Canada to USA, cotton apparels clocked just US $ 3.43 million (down 18.83 per cent) and MMF apparels hit US $ 6.30 million (down 18.83 per cent).

 

 

 

MKMA/2620/apparelresources/220620

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