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CANADA’S KNITTED FABRIC IMPORTS DECLINE BY 14.70%

As per Statistics Canada, the country’s import of knitted fabrics declined by 14.70 per cent in 2020 during the January-September ’20 period to $127.27 million worth of knitted fabrics.

China was the top shipper with $41.44 million worth of knitted fabrics exports to Canada during the period, though its Y-o-Y exports dropped by 11.50 per cent.

Despite plummeting, China’s share to Canadian import value increased to 32.87 per cent in 2020 as against 30.40 per cent in 2019.

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The US was second largest exporter with $24.62 million worth of shipments, a 21.50 per cent fall on yearly basis. Exports of third largest supplier South Korea declined by 29.60 per cent

In contrast, Portugal, Italy, Turkey and Thailand were some of the countries that increased their knitted exports to Canada during then January-September ’20 period by 16 per cent, 22.80 per cent, 25.80 per cent and 15.30 per cent, respectively.

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