Apparel Online India Magazine May 2nd Issue 2018 | Page 54

TRADE STATISTICS
Canada Apparel Imports
January to March 2018
Canada rises massively in apparel imports value during Q1 ’18
Canada witnessed a massive rise (25.52%) in its apparel import in the first quarter of 2018. Not just apparels,
Canada felt the shivers of higher than usual import levels in other categories too which further resulted into
widened trade deficit. During the period, the deficit was more than double what analysts had forecast earlier.
However, with CPTPP and CETA, Canada is predicting a better year ahead as far as trade with partner countries
is concerned that might reduce the gap of deficit in the further months.
Canada Imports India Exports
25.52 % 23.56 %
The knitted apparel reported
25.72% surge during the review
period, whereas the woven
segment saw rise of 25.34% in
value terms.
During the review period, the value
of Indian knitted apparel exports
increased by 31.20%. On the other
hand, export value of woven segment
rose 18.35% on Y-o-Y basis.
Sri Lanka Exports
14.20 %
During the period, the country
noted 11.94% surge in its knitted
garment exports to Canada,
whereas woven segment exports
upped by 17.19%.
Vietnam Exports
29.52 %
Knitted garment exports from
Vietnam to Canada saw rise by
notable 32.23% while export
of woven garments was up
by 26.90%.
B’Desh Exports Pakistan Exports China Exports Indonesia Exports
16.79 % 37.85 % 23.52 % 18.19 %
Bangladesh escalated in both
knitted and woven garment exports
to Canada by 16.47% and 17%
respectively, during the review
period.
In woven category, the Pakistan’s
export values were up by 9.33%.
On the other hand, knitted
segment exports to Canada
registered notable growth of
72.34% on Y-o-Y basis.
In the knitted garment exports,
China marked 22.38% growth,
while the woven garments noted
boost by 24.55% during the
period under review.
In the knitted garment exports,
Indonesia surged by 22.87%,
while woven garments increased
by 14.29% on the yearly note.
Turkey’s apparel export to EU climbs 6.48% to
€ 904 million
Turkey has started the year 2018 on a positive note in terms of its apparel exports to the 28-nations bloc – European
Union. The country in Eurasia noted a surge of 9.40 per cent in volumes, whereas values got a boost of 6.48 per cent in
January.
The country’s volume-wise export to the EU stood at 37.85 million kg as against 34.60 million kg of apparels in the
corresponding month last year.
However, Turkey, which is said to be a close competitor of Bangladesh as far as apparel exports to the EU is concerned,
stood far behind from the latter’s exports performance.
Bangladesh exported apparel to the Union worth € 1.46 billion in the reporting month, whereas Turkey earned € 904
million in the same month stamping on the fact that Turkey has a long way to go to surpass Bangladesh in the European
market.
Further, unit prices of the apparels shipped by Turkey dropped significantly which is not a surprise seeing the plunge in
the global apparel industry. UVR (Unit Value Realisation) during January 2018 was € 23.88 per kg of garments whereas
the same was € 24.54 in January 2017.
54 Apparel Online India | MAY 16-31, 2018 | www.apparelresources.com