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Dhaka Tribune

Apparel export growth to the US: Bangladesh outpaces China, Vietnam

Update : 21 Dec 2021, 06:34 PM

A recent report says that Bangladesh has overtaken China, Vietnam and Indonesia in terms of growth in apparel exports to the United States in the first 10 months of this year, as many US buyers shifted their orders away from the Southeast Asian countries due to their production disruptions.

Bangladesh, which now ranks third in RMG exports to the US, fetched $5.7 billion from the destination in the first 10 months, up by around 27% from the receipts over the same period in 2020, according to the Office of Textiles and Apparel (Otexa). 

China's exports to the US market amounted to $16 billion with a 25% growth, followed by Vietnam 14% and Indonesia 10%. 

On the other hand, four out of six other top US suppliers registered better growth than Bangladesh. 

Industry insiders say Bangladesh apparel makers have been receiving an additional flow of work orders because of a drastic fall in China's factory outputs fuelled by energy shortages, and pandemic-led supply chain disruptions in Vietnam and Indonesia. 

With the reboot of economic activities in the US after the pandemic situation turned the corner, Americans have started releasing pent-up demand, especially for clothing and footwear.

In January-October, the US imported nearly $67 billion worth of clothing items, which was 24% more than in the same time a year ago, Otexa data says. 

The top six garment exporters to the US market are India, Mexico, Honduras, Cambodia, Pakistan and Korea.

In the first 10 months this year, India, Mexico, Honduras and Pakistan registered higher export growth than Bangladesh although their exports were lower than Bangladesh's.

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