In the first eight months (January to August) of 2022, Bangladesh continues to increase its exports of apparel to the United States, which remains its top export market.
According to the most recent data from the Commerce Department’s Office of Textiles and Apparel (OTEXA), Bangladeshi apparel manufacturers shipped apparel goods worth $6.64 billion, up 53.54% from $4.32 billion in the same period of 2021.
Securing the third position, Bangladesh has a 9.42% share in the apparel market of the North American country. According to the data, China and Vietnam occupied the first and the second highest positions respectively in the US market as of August 2022.
US apparel imports from China in the January-August period of 2022 experienced a growth of 37.17% to $15.55 billion from $11.33 billion in the same period of 2021, proclaiming the first position with a market share of 23.72%.
Vietnam exported apparel items worth $12.80 billion in January-August of 2022, fetching a growth of 33.62% from $9.58 billion in the same period of the past year, claiming a market share of 17.52% which left them at the second position.
