Bangladesh remains the third largest apparel source for the United States (US), with a 9.75% share of its total apparel import, which was 8.76% in 2021.
In the last five years from 2017 to 2022, US apparel import from Bangladesh increased by 13.99% whereas their import from the world has grown by 4.50% annually.
The US is one of the major apparel importers for Bangladesh as well as for the world.
In 2022, their import from the world increased by 22.48% year-over-year and reached $ 99.93 billion from $ 81.58 billion in 2021.
In 2022, US’ clothing import from Bangladesh grew by 36.38% year-over-year.
The country imported $ 9.74 billion worth of apparel from Bangladesh in 2022 which was $7.16 billion in 2021 and $5.40 billion in 2018, said a press release of the BGMEA.
The release said if the quantity based statistics measured in per square meter equivalent (SME), USA’s apparel import from Bangladesh registered 20.65% growth year-over-year, which reached 3.14 billion SME in 2022 from 2.60 billion in 2021.
On the other hand, US’s import from China has declined by 3.11% quantity-wise in 2022 compared to 2021.
China, being the top apparel import source for the US and having a 21.75% share, posted 10.83% year-over-year growth in 2022 in dollar value.
The US’ apparel import from China reached $21.73 billion in 2022 from $19.60 billion in 2021 which was $27.37 billion in 2018.
On the other hand, Vietnam remains in the second position.
The value of US’ clothing from Vietnam was $12.21 billion in 2018 which increased to $14.37 billion in 2021 and reached $18.24 billion in 2022.
The share of Vietnam in total apparel import also increased to 18.26% in 2022 from 14.74% in 2018.
India and Indonesia both countries have shown over 35% growth in 2022 compared to 2021.
The share of both countries increased to 5.69% and 5.61% respectively in 2022 from 4.59% and 5.40% in 2018.
Other top countries having mentionable growth were Cambodia 28.46%, South Korea 25.08%, Pakistan 24%, Honduras 19.85%, and Mexico 11.50% in 2022.
The share of these countries also increased during the mentioned year. https://www.dhakatribune.com/322033
