PPE imports during January-October 2020 witnessed a staggering growth of 312 per cent in terms of value to reach $16.5 billion, compared to the same period in 2020, according to data from TexPro.
In terms of trade partners, China emerged as a clear winner for PPE exports to the US and accounted for approximately 68 per cent of the overall imports in terms of value followed by other nations namely Mexico, Malaysia, Vietnam and Thailand, according to Fibre2Fashion's market analysis tool TexPro.
Looking at the current efforts to tackle the pandemic and its long-term effects, healthcare agencies in the US, as well as across the world, are preparing themselves for the long-term battle. It is very likely that these agencies will dedicate large chunk of their spending towards buying protective gears in order to keep their frontline workers battle ready for the upcoming challenges in the near future.
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Fibre2Fashion News Desk (RKS)