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Value of US T-shirt imports falls 65.5 per cent

  

As per Apparel Resources analysis, the value of T-shirts imported by the US declined by 65.50 per cent in May ’20, due to unprecedented situation created by COVID-19. The country imported $613.96 million worth of T-shirts in May, while its import value in the same month of 2019 stood at $1.78 billion.

On monthly basis, the imports of T-shirts by the US declined by 29.26 per cent in May ’20 over April ’20. China exported the most number of T-shirts to the US in May worth $94.95 million. While Bangladesh exported only $23.16 million worth of T-shirts with export value declining by over 63 per cent on Y-o-Y basis from US $ 63.47 million in May ’19.

India’s T-shirt shipments to the US fell 85.80 per cent to generate $14.40 million revenue. Exports continued to plunge in February, March and April as well. Vietnam too experienced a yearly fall of 47.86 per cent in May ’20 with its shipment valued at $154.80 million. However, the country remains top T-shirt exporter to the US with over 25 per cent share in its total T-shirt import values.

 
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