10 September 2022, Mumbai:
The latest trade data released by the Office of Textiles and Apparel (OTEXA) of the U.S.A. for the period of January-April, 2022, and a few analyses.
As per the official statistics, the USA imported US$ 3.29 billion worth of apparel from Bangladesh during this period, while their import from the world was US$ 32.43 billion. With a 10.17 % share of the USA’s total apparel import, Bangladesh remains the 3rd largest apparel source for the USA. The import of the USA from Bangladesh increased by 65.08% compared to the same period of 2021 while their global apparel import grew by 40.55%.
China, being the top apparel import source for the USA and having a 20.60% share, registered 43.14% year-over-year growth during the mentioned period. USA’s apparel imports from China reached US$ 6.69 billion during this period.
Vietnam is the second largest apparel import source for the USA which posted 31.95% growth during the same period. The U.S.A. imported 6.01 billion dollars worth of clothing from Vietnam. Other countries having significant growth are South Korea 68.25%, Indonesia 59.91%, Pakistan 57.78% India 56.06%, and Cambodia 42.26%.
(Credits: Faruque Hassan President, BGMEA)
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