The USA imported $3,088.98 million worth of apparels from Canada and Mexico during January to September 2018 period; the countries USA has been doing business with, under NAFTA, since 1994. The USA noted marginal decline of 0.30 per cent in its apparel import under the North American Free Trade Agreement (NAFTA). The import value, during the corresponding period of 2017, stood at $3,098.25 million.
Mexico’s apparel shipments plunged 2.77 per cent to clock in $2,593.53 million, while the figures were $2,667.29 million in the corresponding period last year. On the other hand, Canada got a considerable boost of 14.96 per cent in apparel export to USA with $495.45 million in the review period of 2018.
Mexico’s probably lost out due to the new United States-Mexico Free Trade Agreement, or NAFTA 2.0, which came into force in late August this year. It has said to hamper US apparel import in September from Mexico.