September might have been a dismal month for Bangladeshi apparel shipment to USA, but the country’s denim apparel exports to its largest export destination have grown significantly!
According to an analysis of Apparel Resources, Bangladesh shipped US $ 62.32 million worth of denim garments to USA in September ’20, marking 13.59 per cent growth from September ’19. This shipment value was the highest value from any apparel shipping country to USA in denim segment.
The total denim apparel import value of USA stood at US $ 284.12 million in September ’20 with a Y-o-Y fall of 12.63 per cent and the contribution of Bangladesh to this value was 21.93 per cent.
The country was way ahead of its competitors in the denim segment in September ’20 as Mexico (ranked 2nd, fell by 36.80 per cent), Vietnam (ranked 3rd, grew by 3.39 per cent) and China (ranked 4th, fell by 29.98 per cent) could just clock US $ 42.52 million, US $ 37.20 million and US $ 32.75 million in their respective denim, apparel shipment to USA.
However, Bangladesh fell by 21.39 per cent in September ’20 as compared to August ’20 shipment value when denim apparel export clocked US $ 79.28 million.
As far as January-September ’20 period is concerned, Bangladesh was down by 8.46 per cent on Y-o-Y basis and its denim apparel shipment to USA totalled US $ 333.55 million which is US $ 59.10 million more than the second top shipper – Mexico.
