Bangladesh RMG exports to the US surged by 26.81 per cent from January-June 2021 as increased vaccination in the US boosted demand for apparel items in the country. As per Office of Textiles and Apparel (OTEXA) data by the US Department of Commerce, US’ apparel imports from Bangladesh increased $662 million to $3.13 billion in the first half of 2021 from $2.45 billion in the same period of 2020. As per a New Age Data report, export orders and the inquiries from the US buyers increased in recent months as the country opened its business after massive COVID vaccination.
In value terms, Bangladesh’s apparel export to the US in June 2021 grew by 139 per while it increased by 133 per cent in volume compared with that in the same month of the past year. India’s RMG exports to the US Increased by 32.28 per cent to $2.03 billion in January-June of 2021 from $1.53 billion in the same period of 2020. Total apparel imports by the US from different countries in the first half of 2021 increased by 26.92 per cent to $35.37 billion from $27.87 billion in the same period of the previous year.
The US apparel import from China grew by 26.77 per cent to $7.31 billion from $5.77 billion in the same period of the previous year. Vietnam’s RMG export to the US in the first half of 2021 grew by 20.45 per cent to $6.81 billion from $5.65 billion in the same period of 2020. RMG imports by the US from Cambodia in January-June of 2021 increased by 13.85 per cent to $1.42 billion from $1.24 billion in the same period of the previous year.
By Fashionating World
https://www.fashionatingworld.com/new1-2/bangladesh-rmg-exports-to-the-us-surge-26-81-per-cent-in-h1-2021