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Saturday, 12 February 2022 15:17

Bangladesh denim exports to the US rise by 42.25% in 2021

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Bangladesh has surpassed Mexico and China in denim apparels exports to the US. In 2021, it exported denim apparels worth $798.42 million worth to the US, noting 42.25 per cent Y-o-Y growth.

In 2021, US’ total denim apparel imports increased by 31.36 per cent to $3.68 billion in 2021. Bangladesh’s share increased to 21.70 per cent in 2021 from 15.65 per cent in 2019, despite US not being able to surpass its 2019 import values in denim apparel category.

As per Apparel Resources, Mexico shipped denim apparels worth $ 654.87 million to the US, increasing by around 39.60 per cent on yearly basis, while China slipped to 5th position in just two years and managed to clock $387.91 million from its denim apparel export to the US in 2021.

Despite short-term disruptions created by COVID-19 in Vietnam, the country clocked its 3-year highest export revenues in 2021 in the mentioned category as its shipment valued $402.29 million, as compared to $368.18 million in 2020 and $372.02 million in 2019.