US IMPORT OF BANGLADESH APPARELS RISES 59.06%
According to the trade data released by the US official source ‘Office of Textiles and Apparel (OTEXA)’ for the period of January-May, 2022, USA’s apparel imports from world during January-May 2022 grew by 40.11% compared to the same period of 2021. During this period, USA imported US$ 40.93 billion from the world.
U.S. Apparel Import
Value in Million USD, 2022
Country | Jan | Feb | Mar | Apr | May | Jan-May, 2022 |
World | 7539.48 | 7481.09 | 9291.98 | 8120.03 | 8507.02 | 40939.60 |
China | 1909.11 | 1685.23 | 1725.52 | 1360.13 | 1590.72 | 8270.70 |
Vietnam | 1277.59 | 1366.04 | 1807.38 | 1564.48 | 1624.03 | 7639.51 |
Bangladesh | 755.50 | 688.47 | 1033.52 | 820.53 | 815.00 | 4113.01 |
Indonesia | 435.20 | 426.99 | 594.84 | 580.06 | 507.11 | 2544.21 |
India | 441.39 | 434.67 | 622.67 | 602.58 | 592.01 | 2693.32 |
Mexico | 226.36 | 243.10 | 287.07 | 260.48 | 282.68 | 1299.70 |
Honduras | 156.62 | 224.46 | 292.23 | 238.68 | 278.32 | 1190.30 |
Cambodia | 326.32 | 343.06 | 415.25 | 376.53 | 365.07 | 1826.24 |
Pakistan | 211.90 | 222.70 | 255.85 | 239.37 | 293.74 | 1223.55 |
Korea | 18.66 | 15.61 | 22.31 | 15.49 | 19.64 | 91.70 |
Value in Million USD, 2021
Country | Jan | Feb | Mar | Apr | May | Jan-May, 2021 |
World | 5520.44 | 5393.10 | 6490.69 | 5671.69 | 6142.87 | 29218.79 |
China | 1297.86 | 1153.31 | 1236.83 | 978.94 | 1157.99 | 5824.93 |
Vietnam | 1072.55 | 1021.96 | 1333.17 | 1131.29 | 1185.71 | 5744.68 |
Bangladesh | 519.30 | 480.85 | 527.04 | 470.64 | 588.04 | 2585.88 |
Indonesia | 275.79 | 277.18 | 344.70 | 376.31 | 318.67 | 1592.64 |
India | 287.75 | 306.11 | 382.56 | 370.15 | 390.39 | 1736.96 |
Mexico | 178.09 | 203.57 | 243.85 | 204.33 | 225.67 | 1055.51 |
Honduras | 138.28 | 192.41 | 225.99 | 189.76 | 225.34 | 971.78 |
Cambodia | 229.61 | 220.94 | 324.24 | 252.31 | 214.79 | 1241.90 |
Pakistan | 146.74 | 123.09 | 179.03 | 140.44 | 192.56 | 781.86 |
Korea | 9.56 | 9.24 | 12.97 | 11.07 | 11.48 | 54.32 |
Value in Million USD, 2020
Country | Jan | Feb | Mar | Apr | May | Jan-May, 2020 |
World | 6755.52 | 5910.39 | 5181.67 | 3413.35 | 2651.23 | 23912.16 |
China | 1619.91 | 1080.38 | 572.23 | 620.83 | 723.59 | 4616.94 |
Vietnam | 1317.34 | 1064.44 | 998.19 | 805.34 | 622.30 | 4807.61 |
Bangladesh | 622.44 | 528.48 | 523.82 | 399.87 | 166.42 | 2241.03 |
Indonesia | 412.70 | 373.28 | 365.47 | 282.95 | 186.63 | 1621.02 |
India | 370.47 | 389.80 | 380.89 | 220.49 | 62.69 | 1424.34 |
Mexico | 204.62 | 235.30 | 226.34 | 65.98 | 94.39 | 826.62 |
Honduras | 152.64 | 222.03 | 190.61 | 18.02 | 25.82 | 609.13 |
Cambodia | 277.69 | 246.67 | 243.20 | 178.52 | 130.57 | 1076.66 |
Pakistan | 131.06 | 106.78 | 118.68 | 99.17 | 37.53 | 493.23 |
Korea | 12.57 | 12.82 | 12.22 | 7.28 | 7.78 | 52.67 |
Value in Million USD, 2019
Country | Jan | Feb | Mar | Apr | May | Jan-May, 2019 |
World | 7546.41 | 6634.64 | 6062.02 | 6146.99 | 6650.59 | 33040.64 |
China | 2519.87 | 2007.90 | 1201.11 | 1515.13 | 1820.29 | 9064.30 |
Vietnam | 1264.81 | 1034.45 | 930.29 | 1003.97 | 1064.51 | 5298.03 |
Bangladesh | 531.58 | 503.68 | 531.60 | 461.06 | 520.03 | 2547.95 |
Indonesia | 407.00 | 393.68 | 402.81 | 365.68 | 343.45 | 1912.63 |
India | 379.86 | 371.38 | 404.49 | 407.73 | 387.17 | 1950.63 |
Mexico | 240.41 | 257.01 | 277.80 | 266.69 | 279.34 | 1321.24 |
Honduras | 152.21 | 207.72 | 239.38 | 222.79 | 236.45 | 1058.56 |
Cambodia | 230.86 | 188.42 | 201.86 | 185.86 | 201.70 | 1008.70 |
Pakistan | 130.43 | 107.25 | 116.73 | 110.50 | 120.88 | 585.80 |
Korea | 18.30 | 12.70 | 14.08 | 12.01 | 14.78 | 71.87 |
U.S. Apparel Import Growth
Growth: 2022 VS 2021
Country | Jan | Feb | Mar | Apr | May | Jan-May |
World | 36.57% | 38.72% | 43.16% | 43.17% | 38.49% | 40.11% |
China | 47.10% | 46.12% | 39.51% | 38.94% | 37.37% | 41.99% |
Vietnam | 19.12% | 33.67% | 35.57% | 38.29% | 36.97% | 32.98% |
Bangladesh | 45.49% | 43.18% | 96.10% | 74.34% | 38.59% | 59.06% |
Indonesia | 57.80% | 54.05% | 72.57% | 54.15% | 59.14% | 59.75% |
India | 53.39% | 42.00% | 62.76% | 62.79% | 51.65% | 55.06% |
Mexico | 27.10% | 19.42% | 17.73% | 27.49% | 25.26% | 23.14% |
Honduras | 13.26% | 16.66% | 29.31% | 25.78% | 23.51% | 22.49% |
Cambodia | 42.12% | 55.27% | 28.07% | 49.23% | 69.96% | 47.05% |
Pakistan | 44.40% | 80.92% | 42.91% | 70.44% | 52.54% | 56.49% |
Korea | 95.24% | 68.92% | 71.99% | 39.97% | 71.04% | 68.83% |
Growth: 2022 VS 2020
Country | Jan | Feb | Mar | Apr | May | Jan-May |
World | 11.60% | 26.58% | 79.32% | 137.89% | 220.87% | 71.21% |
China | 17.85% | 55.99% | 201.54% | 119.08% | 119.84% | 79.14% |
Vietnam | -3.02% | 28.33% | 81.07% | 94.26% | 160.97% | 58.90% |
Bangladesh | 21.38% | 30.28% | 97.30% | 105.20% | 389.71% | 83.53% |
Indonesia | 5.45% | 14.39% | 62.76% | 105.00% | 171.72% | 56.95% |
India | 19.14% | 11.51% | 63.48% | 173.29% | 844.32% | 89.09% |
Mexico | 10.63% | 3.32% | 26.83% | 294.81% | 199.50% | 57.23% |
Honduras | 2.61% | 1.09% | 53.31% | 1224.64% | 978.03% | 95.41% |
Cambodia | 17.51% | 39.08% | 70.74% | 110.92% | 179.59% | 69.62% |
Pakistan | 61.68% | 108.56% | 115.57% | 141.36% | 682.64% | 148.07% |
Korea | 48.48% | 21.73% | 82.56% | 112.82% | 152.35% | 74.11% |
Growth: 2022 VS 2019
Country | Jan | Feb | Mar | Apr | May | Jan-May |
World | -0.09% | 12.76% | 53.28% | 32.10% | 27.91% | 23.91% |
China | -24.24% | -16.07% | 43.66% | -10.23% | -12.61% | -8.76% |
Vietnam | 1.01% | 32.06% | 94.28% | 55.83% | 52.56% | 44.20% |
Bangladesh | 42.12% | 36.69% | 94.42% | 77.96% | 56.72% | 61.42% |
Indonesia | 6.93% | 8.46% | 47.67% | 58.62% | 47.65% | 33.02% |
India | 16.20% | 17.04% | 53.94% | 47.79% | 52.91% | 38.07% |
Mexico | -5.84% | -5.41% | 3.34% | -2.33% | 1.20% | -1.63% |
Honduras | 2.90% | 8.06% | 22.08% | 7.13% | 17.71% | 12.45% |
Cambodia | 41.35% | 82.08% | 105.71% | 102.59% | 81.00% | 81.05% |
Pakistan | 62.46% | 107.64% | 119.17% | 116.61% | 143.01% | 108.87% |
Korea | 1.98% | 22.85% | 58.42% | 29.02% | 32.83% | 27.59% |
Analysing the data, the Chairman of Bangladesh Garment and Manufacturers Exporters Association (BGMEA), Mr. Faruque Hassan says that during this time, USA’s import from Bangladesh increased by 59.06% to US$ 4.12 billion. Bangladesh sucres 10.05% share in USA’s total clothing import. With 20.20% share China continues to be the largest supplier of apparel to the USA, followed by Vietnam with 18.66 % share. During the first five months of 2022, USA’s imports from China grew by 41.99% and reached USD 8.27 billion. At the same time, imports from Vietnam stood at USD 7.63 billion with 32.38% year-on-year growth.
Among the top ten apparel suppliers to the USA, imports from South Korea, Indonesia, Pakistan India, and Cambodia increased by 68.83%, 59.75%, 56.49%, 55.06% and 47.05% year-on-year respectively. On the other hand, imports from Honduras and Mexico, which are among the top 10 suppliers, registered only 22.49% and 23.14% growth respectively compared to the same period of 2021. The import figures indicate that USA's economy is witnessing fast recovery from Covid crisis, yet rising inflation and slowdown in economic growth are likely to affect the market in the coming days.