Bangladesh’s apparel export to the United States in January-July of 2021 grew by 28.04 per cent to $3.7 billion from $2.89 billion in the same period of 2020, according to the US Department of Commerce’s Office of Textiles and Apparel data.

In July 2021, Bangladesh’s RMG exports to the US market increased by 35.2 per cent while Vietnam, the main competitor of Bangladesh in the area of business, witnessed a 1.3-per cent negative growth in the market.

Bangladesh’s apparel export to the US in July, this year, grew by $148.41 million to $569.89 million from $421.48 million in the same month of 2020.

Bangladesh’s RMG exports to the US is expected to exceed the pre-pandemic level in the current year as the orders are increasing, says MdShahidullahAzim, Vice-President, Bangladesh Garment Manufacturers and Exporters Association (BGMEA). He hoped that the export growth to the US market would continue in the coming months as the business activities have become normal in the destination.

MohammadHatem, First Vice-President, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), adds, Bangladesh’s knitwear exports are growing fast and these are likely to to grow more if the prices of yarns remained stable.

Meanwhile US’ RMG imports from Vietnam fell by $16.80 million in July, 2021, to $1.26 billion from $1.27 billion in the same month of 2020. Vietnam’s RMG exports to the US in January-July of 2021 grew by 20.45 per cent to $8.07 billion from $6.93 billion in the same period of 2020.