Only 4 countries see surge in apparel exports
to USA during Jan.-May 20!
The only countries to see growth in their exports to USA
(both in values and volumes) were Cambodia, Myanmar (from
Asia) and Ethiopia and Tanzania (from Africa), during
Jan.-May 20 period.
During Jan.-May. 20, USA imported US $ 23.92 billion worth
of apparels as compared to US $ 33.11 billion apparels in
the same period of the prior year, which is 27.76 per cent
decline on Y-o-Y basis. The country has never dipped this
much in its imports in the first 5 months of a year.
Cambodia shipped 398.76 million SME garments to USA worth US
$ 1,076.73 million, marking a growth of 1.77 per cent and
6.46 per cent, respectively.
Unit value per SME of Cambodia was US $ 2.70 which is 4.65
per cent GREATER than what it valued US $ 2.58 in the
same period of 2019. The increased UVR suggests Cambodia has
been shipping high end garments to USA lately.
The second positive country in Asia was Myanmar which surged
massively by 82.84 per cent in volumes and shipped 45.58
million SME garments to USA worth US $ 114.22 million which
is a yearly surge of 44.71 per cent.
Myanmars UVR sharply decreased by 20.70 per cent to US $
2.50 per SME in the period from US $ 3.16 per SME in the
corresponding period of the prior year.
This decline in UVR indicates Myanmar has shipped more basic
garments to USA than the previous year.
On the other hand, African continent too witnessed growth in
export of apparels to USA from two countries. Ethiopia
surged by 17.29 per cent in volumes and exported 36.26
million SME of garments to USA in the first five-month
period of 2020, while, in value-terms, Ethiopia upped its
exports by 19.73 per cent on yearly basis and clocked US $
UVR of Ethiopia values US $ 2.51 in Jan.-May 20 as against
US $ 2.36 in the same period of 2019, marking 2.16 per cent
jump on the yearly note.
Tanzania was another growing African country with US $ 19.38
million worth of apparel shipment to USA, noting 6.35 per
cent growth on Y-o-Y basis.
The country also grew by 15.26 per cent in volumes and
shipped apparels worth 7.80 million SME to USA. UVR of
Tanzania was down by significant 7.63 per cent as it valued
at US $ 2.48 per SME as against US $ 2.69 per SME in
Jan.-May 19 period.
Markedly, no country from above four, could even reach to
the average UVR of overall import of USA which was US $ 2.93
per SME in the mentioned period.
When it comes to May 20, Myanmar was the only country out
of these four nations which reported growth in apparel
exports to USA. Myanmar shipped 6.97 million SME of garments
to USA in May 20, marking 72.30 per cent growth against
what it exported in May 19.
In value-terms, the country upped its growth by 43 per cent
in May 20 over May 19 and clocked US $ 20.25 million.