US RMG imports down by 30.68% YTD on a year
earlier, THOUGH SAW THE BEST MONTHLY SURGE OF OVER 51% IN
JULY ’20 OVER JUNE ’20
USA has fallen by 30.68 per cent in its apparel imports
during January-July ’20 period, according to the latest data
released by OTEXA.
AS analysed by Apparel
Resources, USA imported US $ 33.87 billion worth of
garments in YTD till July ’20, which is US $ 14.90 billion
less than what is imported in the same period of 2019.
However, the import of apparels of USA has sharply increased
by 51.13 per cent in July ’20 over June ’20. This is the
highest monthly surge of USA in 2020, which can be
attributed to the retail market recovery in the country.
USA imported US $ 6 billion worth of garments in July ’20 as
against US $ 3.97 billion in June ’20. Despite surge in July
’20, the import level is still far away from being normal if
compared by July ’19. The RMG import of the country was down
by 32 per cent in July ’20 on Y-o-Y basis.
All major Asian apparel manufacturing hubs noted M-o-M
growth while fell on Y-o-Y.