March ’21 data of USA’s apparel import has brought cheers to all major apparel manufacturing countries as most of them have noted a significant rise in shipments – both value-wise and volume-wise.
As USA was up by 48 per cent in its volumes and 25.80 per cent in values of its apparel import in March, the contribution by its top partner countries was significant.
China, which was the worst-hit country in March ’20 due to the centre-point of COVID-19 pandemic, has risen (on Y-o-Y basis) by a whopping 174 per cent in its volume-wise shipment and 116 per cent in export values that stood at US $ 1.23 billion to USA in March ’21.
However, China still remained behind Vietnam which shipped US $ 1.33 billion worth of apparels to USA in March ’21 and increased by 33.60 per cent on Y-o-Y basis.
The other apparel export destinations such as Pakistan, Bangladesh, India and Cambodia have also increased their respective shipments to USA in March ’21 as compared to March ’20.
Amongst these countries, Pakistan stood out with impressive growth of 44.60 per cent in volumes and 50.80 per cent in values and the surge is expected to continue in subsequent months too because the neighbouring countries – India, Bangladesh – remained under lockdown in April and the same will stretch by May end.
The imposed lockdown in Bangladesh and India will see Pakistan grabbing orders – at least for short period of time.
See following tables for the complete details –
Volume-wise Apparel Exports to USA from Top 10 Countries:
(Qty in million SME)
Countries |
Mar ’20 |
Feb. ’21 |
Mar. ’21 |
% Change (between Mar. ’20 and Mar. ’21) |
World | 1,687.33 | 2,069.78 | 2,497.50 | 48 |
China | 274.38 | 718.34 | 752.81 | 174 |
Vietnam | 324.53 | 333.39 | 468.95 | 44.50 |
Bangladesh | 194.32 | 194.08 | 216.66 | 11.50 |
Cambodia | 91.60 | 89.90 | 136.82 | 49.40 |
India | 105.68 | 94.82 | 119.87 | 13.40 |
Indonesia | 98.58 | 74.88 | 103.65 | 5.10 |
Honduras | 70.12 | 66.91 | 80.20 | 14.40 |
Pakistan | 54.63 | 62.10 | 79.02 | 44.60 |
Mexico | 63.39 | 62.66 | 74.47 | 17.50 |
El Salvador | 55.32 | 48.13 | 65.09 | 17.60 |
Value-wise Apparel Exports to USA from Top 10 Countries:
(Values in US $ million)
Countries |
Mar ’20 |
Feb. ’21 |
Mar. ’21 |
% Change (between Mar. ’20 and Mar. ’21) |
World | 5,181.67 | 5,394.37 | 6,496.55 | 25.40 |
China | 572.23 | 1,154.03 | 1,237.07 | 116 |
Vietnam | 998.19 | 1,021.96 | 1,333.41 | 33.60 |
Bangladesh | 523.82 | 480.98 | 531.68 | 1.50 |
India | 380.89 | 306.11 | 382.68 | 0.50 |
Indonesia | 365.46 | 277.24 | 344.71 | (-) 5.70 |
Cambodia | 243.20 | 220.94 | 324.23 | 33.30 |
Mexico | 226.33 | 203.56 | 243.84 | 7.70 |
Honduras | 190.61 | 192.41 | 225.98 | 18.60 |
Pakistan | 118.68 | 123.10 | 179.02 | 50.80 |
El Salvador | 143.31 | 133.96 | 168.33 | 17.50 |