According to the CCF Group’s latest results, the United States has been the hardest hit and global economic activity has been greatly impacted.
US textile and apparel imports reached 4.19 billion square meters in March, falling 12.6 per cent year-on-year; China’s volume was 940 million square meters, down 38.7 per cent year-on-year.
For six consecutive months, U.S. textile and apparel imports showed negative growth and declined more rapidly; China’s volume grew faster than the total, a negative growth for seven consecutive months.
The demand for imports will become lower in April. It deteriorated more rapidly year-on-year, in terms of import value. In the first quarter, the cumulative US textile and apparel imports were 14.66 billion sq mt, declining by 10.9 per cent year-on-year; the volume from China was 5.18 billion sq mt, declining by 26.2 per cent year-on-year.
In March, the cumulative US textile and apparel imports were 6.88 billion sq mt, declining by 14.6 per cent year-on-year; the volume from China was 0.92 billion square meters, down by 49.6 per cent year-on-year.
In the first quarter, the cumulative US textile and apparel imports were 23.63 billion sq mt, declining by 11.8 per cent year-on-year; the volume from China was 5.1billion sq mt, down 39 per cent year-on-year. From the share, both the volume and value of US textile and apparel imported from China declined significantly in March.
The volume and value of U.S. textile and apparel imported from China in March dropped to 22.4 percent and 13.4 percent of total textile and apparel imports respectively, down 30.1 percent and 25 percent from that imported in August last year due mainly to the epidemic.
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