As per the data, USA imported US$ 5.71 billion worth of apparel from Bangladesh during the first seven month of 2022, while their total apparel import from world was US$ 58.91 billion. With 9.70 % share of USA’s total apparel import, Bangladesh remains the 3rd largest apparel source for USA.
The import of USA from Bangladesh during the mentioned time increased by 54.43% compared to the same period of 2021 while their global apparel import grew by 39.06%.
China, being the top apparel import source for USA and having 18.53% share, achieved 40.01% year-over-year growth. USA’s import from China reached US$ 12.79 billion during this period.
Vietnam is the second largest apparel import source for USA which posted 35.30% year-over-year growth during the same period. USA imported US$ 10.91 billion worth of clothing from Vietnam.
Other countries having significant growth are Indonesia 59.69%, India 59.39% Cambodia 55.90%, South Korea 47.06%, and Pakistan 46.84%.
However these statistics refer to Bangladesh’s export till July 2022. Due to deteriorating situation of global economy and prolonged geo political tension, the impact is getting deeper leading to slowdown in retail sales and buyers being cautious about their sourcing decisions. We maintained a stronger growth in export till August 2022, which means USA’s apparel import from Bangladesh will post significant growth till August. Following months of the year may be challenging.
