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Canada RMG imports declines 13 per cent

Canada has registered a massive fall of 13.54 per cent in its apparel import values during January-February ’20. The country imported apparels worth $1.40 billion during this period as against $1.62 billion in the corresponding period of the prior year.

India, China, Bangladesh and Vietnam dwindled significantly and that’s one of the rarest occasions when all top four apparel exporting destinations fell in value-wise RMG exports to Canada. Shipment from China to Canada was worth $440 million, marking 26.79 per cent downfall on Y-o-Y basis. Bangladesh shipments fell 13.10 per cent to. On the other hand, Vietnam’s shipment value of $148.43 million. India’s shipment to Canada valued at $48.38 million, reduced by 17.45 per cent on a yearly basis. Exports to Canada did not pick even in March as India and Bangladesh were facing industry closures to stop COVID-19 spread.

While China recovered in early March, there are no buyers from any part of the world coming forward to place orders for now.

 
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