Bangladesh RMG export to US market $3.29bn during Jan-Apr of FY 2022

Faruque Hassan, President, BGMEA

According to the latest trade data released by the Office of Textiles and Apparel (OTEXA) of U.S.A. for the period of January-April, 2022, and a few analyses. 

Source: BGMEA

As per the official statistics, USA imported US$ 3.29 billion worth of apparel from Bangladesh during this period, while their import from the world was US$ 32.43 billion. With 10.17 % share of USA’s total apparel import, Bangladesh remains the 3rd largest apparel source for USA. The import of USA from Bangladesh increased by 65.08% compared to the same period of 2021 while their global apparel import grew by 40.55%. 

China, being the top apparel import source for USA and having 20.60% share, registered 43.14% year-over-year growth during the mentioned period. USA’s apparel import from China reached US$ 6.69 billion during this period.

Vietnam is the second largest apparel import source for USA which posted 31.95% growth during the same period. U.S.A. imported 6.01 billion dollars worth of clothing from Vietnam. Other countries having significant growth are South Korea 68.25%, Indonesia 59.91%, Pakistan 57.78% India 56.06% and Cambodia 42.26%.