Home breadcru News breadcru Trade breadcru  | Bangladesh holds 3rd rank in US apparel imports as China's share drops

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Bangladesh holds 3rd rank in US apparel imports as China's share drops

29 Sep '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • In the first 5 months of 2023, the US imported $**** billion worth of apparel, with Bangladesh maintaining its third-place position among suppliers.
  • Over the last four years, Bangladesh and Vietnam increased their market shares by *.*1 per cent and *.*6 per cent, respectively.
  • Meanwhile, China's share declined from *7.*2 per cent to *8.*8 per cent.

The trade and geopolitical tensions between the US and China negatively impacted China&#**;s share in apparel imports by the world&#**;s largest economy. 

Imports from Bangladesh rose to $*.*** billion in January-May ****, up from $*.*** billion in January-May ****. Earlier, It was noted at $*.*** billion in the same period of **** and $*.*** billion in ****. Although the imports eased to $*.*** billion in corresponding period of ****. Bangladesh retained third place, holding a *.** per cent market share in apparel supplies this year. China and Vietnam remained the first and second largest suppliers, with market shares of **.** per cent and **.** per cent, respectively, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro. 

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