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 $
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