Industry News
Bangladesh Apparel Exports to the US Up
Bangladesh's RMG (ReadyMade Garment) exports to the US, which happens to be its single largest destination for apparel goods, stood at $6.36 billion during the first eleven months, January to November, of last year.
The receipts were $1.49 billion, or 30.68% higher compared to $4.86 billion in the same period of 2020, according to OTEXA (Office of Textiles and Apparel) a part of the US Department of Commerce.
High demand for the locally produced RMG, especially knit items, and a significant rise in prices of raw materials helped exports to grow both in terms of volume and value, according to industry insiders.
During the period, Bangladesh shipped 2.33 billion square meters of apparel items, up by 34.37% from 1.73 billion square meters in the same period of 2020.
Bangladesh's main competitors, China and Vietnam, also witnessed 27.29% and 12.73% growth respectively.
From January to November of 2021, the US imported apparel worth $17.90 billion from China and $13.20 billion from Vietnam.
During the period, Bangladesh shipped 2.33 billion square meters of apparel items, up by 34.37% from 1.73 billion square meters in the same period of 2020.
Bangladesh's main competitors, China and Vietnam, also witnessed 27.29% and 12.73% growth respectively.
From January to November of 2021, the US imported apparel worth $17.90 billion from China and $13.20 billion from Vietnam.
