The disruption created by COVID-19 is so impactful that China has slipped from 2nd rank to 4th in its denim apparel exports to USA after Q1 ‘20, according to OTEXA.
Chinese shipment of blue denim apparels plunged massively by 63.11 per cent to US $ 67.79 million in Q1 ‘20 from US $ 183.
75 million in Q1 ‘19. This drastic fall has reduced China’s share in denim apparel exports to USA to 9.71 per cent in this year from 22.
67 per cent in the corresponding period of the prior year.
Mexico, Bangladesh and Vietnam are now ahead of China in denim export values to USA.
Mexico too fell by 28.85 per cent to ship US $ 138.89 million worth of denim apparels to USA and allowed Bangladesh to narrow the massive gap which both had in the first quarter of 2019.
In the first quarter of 2020, USA decelerated by 13.95 per cent in its import value which stood at US $ 697.51 million. The major fall was recorded from China and Mexico, which allowed other countries to boost their export.
