According to OTEXA stats, import of denim apparels by the US picked up 58.67 per cent to value $309.79 per cent in July ’20 over June ’20. However, on Y-o-Y basis in July ’20, imports has declined 24.38 per cent, whereas they declined by 35.26 per cent in terms of YTD figures, which stood at $1.39 billion during the January-July ’20 period.
YTD data suggests China’s denim apparel shipments to US dropped by 63.23 per cent to $169.82 million in July as against $461.88 million in the January-July ’19 period.
Bangladesh became the top denim apparel exporting country to the US as it shipped denim apparels worth $64.13 million in July ’20. However, on Y-o-Y basis, Bangladesh’s exports declined by 16.98 per cent to $254.27 million.
Vietnam’s apparel shipments increased by 55.08 per cent to $49.16 million in July’20 as against in $31.70 million in June ’20. In YTD figures, the country saw a marginal surge of 0.14 per cent on Y-o-Y basis to clock $192.72 million from its denim apparel shipment to the US.