From January 2022 to October 2022, America’s apparel imports grew by 30 per cent.
Imports so far in 2022 have been the best of all time surpassing previous best figures that were witnessed during the same period in 2019.With a substantial rise in import values, all Asian apparel exporting countries experienced increase in their shipment to the US during January 2022 to October 2022. Imports from Bangladesh grew by 48 per cent. Imports from China grew by 20 per cent. Imports from Vietnam grew by 18 per cent. Imports from India were up by 45 per centwhile shipments from Indonesia to the US were up 47 per cent.The US is the largest export destination for Bangladesh.There are three reasons for Bangladesh’s export growth to the US market. One is the shifting of orders from China to other manufacturing countries and another is increasing demand for knitwear products on the market. Also orders are being shifted from China. US buyers are shifting their orders from China in large volumes and Bangladesh is getting a portion of the orders. Apart from Bangladesh, some other countries, including Vietnam and India, are getting a share of the orders being shifted from China. Before the pandemic, Bangladesh’s export item to the US was mainly woven garments, but the demand for knitwear has increased on the market for the past two years.
By Fashionating World
https://www.fashionatingworld.com/new1-2/us-apparel-imports-up-30-per-cent