Mar 19, 2023
Canada’s apparel imports at $12bln in 2022, China’s share 30%
Mar 19, 2023
Canada’s apparel imports jumped to $12.417 billion during 2022 which was 28.34 per cent higher than the shipment of 2021, when the country had imported apparel worth $9.675 billion.
Despite tension with the West, China remained the largest apparel supplier for Canada as it supplied more than 30 per cent apparel to the latter.
Canadian apparel imports slipped to $8.676 billion in 2020 from the shipment of $10.111 billion in 2019, but it bounced back to $9.675 billion in 2021. The country had imported apparel worth $9.663 billion in 2018 and $9.248 billion in 2017, according to Fibre2Fashion’s market insight tool TexPro.
Canada’s imports of apparel touched the highest levels in 2022. In value terms, the imports were not affected by inflation and economic worries. On a quarterly basis, the imports eased to $2.454 billion in Q1 2022 in comparison with $2.656 billion in Q4 2021 and $2.798 billion in Q3 2021. They increased to $2.931 billion in Q2 2022 and $3.986 billion in Q3 2022, before coming down again to $3.044 billion in Q4 2022.
China was the largest supplier of apparel to Canada in 2022, accounting for 30.68 per cent of total imports. Among the top five suppliers, Vietnam had a share of 14.28 per cent, Bangladesh 14.15 per cent, Cambodia 10.45 per cent, and India 3.37 per cent of the total trade, as per TexPro.
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