Sporting Goods Imported to US Almost Double
Comparing Q1 2021 with the same period of 2020
Jul. 14 2021
$3.7 billion USD for Q1-2021 compared to $1.9 billion USD in Q1-2020
Resulting from lockdowns due to covid-19 in sporting venues and gyms, and the increase of the health-consciousness from consumers; sporting goods imported to US from worldwide rocketed nearly 100% to a value of US$ 3.7 billion for the first 3 months of 2021, compared to US$1.9 billion the same period of 2020.
China, the No. 1 exporter controlled 64% of the total world export value to US, experiencing a129% increase to US$ 2.3 billion in Q1 2021. China has been supplying more than 60% of sporting goods to US since 2019. Second came Taiwan achieving 91% growth too to US$ 0.66 billion, taking up 18% of the total import. The next 3 exporters were Vietnam, Canada and Mexico. 2 potential Sporting Goods supplying countries to pay attention to are Cambodia and Malaysia, who experienced strong growth of 89% and 59% respectively compared to 2020.
The biggest import category of sporting goods was “Articles and Equipment for General Physical Exercise” achieving 216% growth compared to 2020. “Articles And Equipment for Sports or Outdoor Games” is # 2. As well as exercise, the trend of increased demand for takeaway delivery is also supporting the 60% increase for the category of “Bicycles and Other Cycles (Including Delivery Tricycles), Not Motorized”.