Crossing the $1blllion mark for the first time, Canada’s apparel imports surged to $1.03 billion in April ’22.
As per an Apparel Resources report, Canada’s imports from China, Bangladesh, Cambodia, India and Vietnam grew Y-o-Y in double digits as the growth is all around buoyed by the strong revival in consumer spending.
Value-wise, imports from China grew by 76.64 per cent Y-o-Y to $284.24 million while imports from Vietnam grew by 74, 39 per cent Y-o-Y to $171.52 million. Bangladesh’s export of apparel valued $132.20 million, while imports from India grew by 52.44 per cent to $43.95 million in April ’22.
Though growth on yearly basis was there, Bangladesh and China noted a decline on M-o-M basis by 5.63 per cent and 16.94 per cent, respectively. However, the subsequent months are predicted to be positive for Bangladesh as the factories have been running at full capacities post Eid.