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Wednesday, 16 November 2022 15:38

B’desh H1 denim exports to US up 46 per cent

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From January 2022 to August 2022 Bangladesh’s denim exports to the United States rose by 46 per cent compared to the same period of 2021.In 2021, Bangladesh became the top denim exporter to the US for the second consecutive year and currently holds a 22 per cent share in the US denim market.

Bangladesh’s garment exports to the United States of America increased by 34 per cent in September 2022.

One reason for this is shifting of orders from China to other manufacturing countries and another is increasing demand for knitwear products. Buyers from the US are shifting their orders from China in large volumes to Bangladesh apart from countries like India and Vietnam.

Bangladesh’s denim is the biggest brand in the US market and US buyers consider it an elite product of high quality.Bangladesh is maintaining its growth in exporting denim apparel to the US as the top supplier, despite the slowdown in the US due to falling consumer demand caused by global economic challenges.

Bangladesh is doing well due to efficiency, strong backward linkage, quality products and many more reasons. However, overall Bangladesh’s garment exports are falling. Among the reasons are the war-related crisis, the global economic turmoil, and a record inflation affecting retail businesses.