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Tuesday, 06 July 2021 14:02

Bangladesh’s apparel exports to the US grow in double digits

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Bangladesh’s apparel exports to the United States registered double-digit growth both in value and volume terms in the first five months of this year compared to the same period of last year. As per OTEXA reports, the country’s RMG exports to the US grew 15.38 per cent to $2.58 billion during the period from January to May this year. Growth was mainly a result of economic recovery aided by good coverage of COVID-19 vaccination, better control of infections and a shift of orders from China.

From January to May 2021, Bangladesh’s apparel shipment to the US grew 27.30 per cent to 1.02 billion sq. mt. from 807.67 million sq. mt. US’ overall apparel imports during the first five months of this year grew by 22.19 per cent to $29.21 billion from $23.91 billion during the same period in 2020. Imports from China grew 26.17 per cent growth to $ 5.82 billion while imports from Vietnam and Cambodia grew by19.48 per cent and 15.35 per cent to $5.74 billion and $ 1.24 billion respectively year-on-year during the period.

Apparel imports from other major sourcing destinations including India, Mexico, and Pakistan also grew by over 21 per cent to 58 per cent except Indonesia that was maintaining a negative growth of 1.75 per cent.