Tuesday, June 18, 2024
spot_imgspot_img
spot_imgspot_img
HomeNews & ViewsTextile & ApparelUS is a very potential market for Bangladesh Denim Export

US is a very potential market for Bangladesh Denim Export

In January to August, 2019 Bangladesh’s denim exports to the United States rose by 5.42%. In the same period, Vietnam’s denim exports to the US rose 34.43 per cent. Pakistan’s denim exports to the US rose 14.20 per cent. As the second-largest exporter of apparel goods, Bangladesh was supposed to gain from trade conflicts in capturing a bigger market share of denim products. However Bangladesh’s competitors, Vietnam and Pakistan, have gained a higher share. Most of China’s trade is shifting to Vietnam and Cambodia as US retailers and investors feel comfortable due to a shorter lead time and a better business environment. Vietnam has gained the most from the US-China trade conflict because of its readiness to welcome the redirected trade and it has a diversified product basket and received a large amount of FDI relocated from China. Buyers are not willing to come to Bangladesh as the ease of doing business is still lower compared to other competing countries. Vietnam and Pakistan have gained as they have devalued their currencies, while the appreciation of Bangladesh’s currency against the dollar is eating up Bangladesh’s competitiveness in global markets.

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
Sign Me Up
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Promaker has grown significantly over the past eight years

Guangzhou International Textile, Clothing and Printing Industry Expo (ITCPE) has become a professional exhibition with wide influence, high popularity and good effect. Focusing on...

U.S. Cotton Trust Protocol Announces Expanded Board of Directors

Expanded Board of Directors includes 11 new appointments, bolstering equal representation from across the global cotton supply chain The U.S. Cotton Trust Protocol has today...

Shimmy Technologies Trains 10,000th Worker, Helping Transform Industrial Education

Shimmy Technologies, a pioneer in industrial education technology, proudly announces a significant milestone: the successful training of its 10,000th worker.Leveraging a cutting-edge blended learning...
Get hand picked industry updates delivered straight to your inbox
Sign Me Up

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE