Friday, 29 Mar, 2024
  Dhaka
Friday, 29 Mar, 2024
The Daily Post

U.S. garment exports up 54.43 percent

DP Desk

U.S. garment exports up 54.43 percent

Garment exports from Bangladesh to the UNITED States increased by 54.43 percent in January-July compared to the same period last year. During this period, the UNITED States imported garments worth $ 5.71 billion from Bangladesh.

This information has been revealed from the latest figures of garment imports from the Office of Textile and Apparel (OTEX), the official data source of the United States.

U.S. garment imports from the world market increased by 39.06 percent, while imports from China increased by 40 percent. 

The United States is the top apparel importer of China. From January-July this year, the UNITED States imported garments from China for $ 12.79 billion.

At the same time, U.S. imports from Vietnam increased by 35.30 percent, while imports reached $10.91 billion.

Imports from other top countries such as Indonesia, India, Cambodia, South Korea, and Pakistan increased significantly over the same period.

Mohiuddin Rubel, director of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said retail sales increased more than usual mainly due to the recovery from the corona epidemic and the increase in consumer purchases.

However, it is a matter of concern to see how much this upward trend of growth will survive in the fourth quarter of 2022 due to inflation, fed rate hikes and economic slowdown. Due to the unusually long heat, the demand for winter clothes is also relatively low.

 

JH