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.
The knitted apparel reported 25.72% surge during the review period, whereas the woven segment saw rise of 25.34% in value terms.
Bangladesh escalated in both knitted and woven garment exports to Canada by 16.47% and 17% respectively, during the review period.
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.
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.
Sri Lanka Exports
During the period, the country noted 11.94% surge in its knitted garment exports to Canada, whereas woven segment exports upped by 17.19%.
In the knitted garment exports, China marked 22.38% growth, while the woven garments noted boost by 24.55% during the period under review.
Knitted garment exports from Vietnam to Canada saw rise by notable 32.23% while export of woven garments was up by 26.90%.
In the knitted garment exports, Indonesia surged by 22.87%, while woven garments increased by 14.29% on the yearly note.