U.S. fabric imports value down by 11.37% in January to April 2020

Jul 09, 2020  |  by zhaoxh


Not just apparels, USA has fallen in its fabric imports also in January to April 2020 period. According to OTEXA, the country imported USD 1.83 billion worth of fabrics, declining by 11.37% on Y-o-Y basis.
However, volume-wise, the drop was not too much and USA imported 4,023.27 million SME of fabrics which is 4.85% less than what it had exported in the same period of 2019.
As far as major exporting destinations are concerned, China plunged significantly in both volumes (353.06 million SME) and values (USD 934.09 million) by 23.07% and 29.30%, respectively.
South Korea, the second largest fabric exporter to USA, fell in its value-wise fabric exports but shipped more volumes of fabrics than the last year. Noting 8.22% surge, South Korea shipped 416.67 million SME fabrics to USA worth USD 180 million which fell 6.16%.
India too fell by 4.21% to ship 531.72 million SME of fabrics to USA in the review period and clocked USD 155.18 million revenue which is 6.78% less than the same period of 2019.
There are certain non-traditional fabric exporting countries such as Cambodia, Myanmar, Indonesia, Australia, Malaysia and Denmark which registered huge growth in their volume-wise fabric exports to USA. Some of these even noted growth in value-terms.
Cambodia shipped 65.84 million SME fabrics to USA marking a whopping 77.16% growth on Y-o-Y basis, while the values upped by 49.40% to clock USD 10.86 million.
Myanmar scaled up its fabric exports to USA from practically almost nothing to 8.53 million SME, noting a staggering 1,410.66% growth on Y-o-Y basis. The value of shipment stood at USD 1.57 million, which is 574.61% growth on the yearly note.
 

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