Bangladesh’s denim apparel export to the USA is on a solid track. During January to April 2018 period, the apparel manufacturing hub exported denim apparel worth US $ 126.37 million, marking a growth of impressive 24.76 per cent.
The data was recently released by OTEXA and according to Apparel Resources’ analysis, the shipment of denim trousers of Men and Boys (MB) to the USA steered the overall growth, valuing at US $ 67.87 million (up 30.71%) as compared to US $ 51.92 million in the same period of the prior year.
However, Bangladesh continued racing behind Mexico in MB denim trousers exports. Mexico exported MB denim trousers to the USA worth US $ 194.64 million in the said period, noting a drop of 3.55 per cent. The export figure of Mexico in the MB category is almost three times than that of Bangladesh’s.
This vast gap between denim apparel exports from both the countries is unlikely to be bridged, given the fact that the close proximity, good quality and shorter lead times have made Mexico USA’s top choice for denim apparel.
On the other hand, exports of denim trousers of Women and Girls (WG) from Bangladesh was worth US $ 53.31 million, up 19.58 per cent from the same period of 2017.
Denim jackets, after witnessing a dip in the Q1 ’18, regained in the April month. Against US $ 2.23 million export value in the first four months of 2017, Bangladesh zoomed by 12.89 per cent to earn US $ 2.52 million in January to April ’18 period.
Markedly, denim skirts too escalated, though on a slower pace. On the Y-o-Y basis, skirts got a boost of 5.54 per cent in January to April 2018 as shipments to the USA valued at US $ 2.67 million against shipment value of US $ 2.56 million in the corresponding period last year.
