US Apparel and Clothing Imports from Bangladesh Rise in Jan-Jun 2021

25 August 2021
USA Import Data

US apparel and clothing imports from Bangladesh rose in Jan-Jun 2021. Bangladesh is US fifth-largest import source of Chapter 61 products and third-largest import source of Chapter 62 products. Both these chapters under Harmonized System Code are of apparel & clothing. According to Export Genius, the market share of Bangladesh in US apparel & clothing import market is 10% and China continues to be the top import source of the United States. Get a clear picture of US imports apparel & clothing from Bangladesh from US trade data along with analysis report on Bangladesh’s competitors in apparel & clothing industry.


US Imports Apparel & Clothing (Chapter 61) from Bangladesh


US imports of apparel & clothing under Chapter 61 from Bangladesh continued to rise in first six months of 2021. According to US import data, the United States imported apparel & clothing from Bangladesh worth USD 1,330 million from Jan to Jun 2021. Visualize and analyse month-wise values of US imports apparel & clothing from Bangladesh.



Month

Value USD Million

Jan

174

Feb

156

Mar

156

Apr

186

May

186

Jun

222

 


US Imports Apparel & Clothing (Chapter 62) from Bangladesh


US imports of apparel & clothing from Bangladesh under Chapter 62 also rose in first six months of 2021. US import statistics show that the United States imported apparel & clothing from Bangladesh worth USD 2,327 million from Jan to Jun 2021. Below given chart shows month-wise values of US imports apparel & clothing from Bangladesh.  



Month

Value USD Million

Jan

337

Feb

300

Mar

292

Apr

337

May

327

Jun

382

 


US Fashion Brands Eager to Source Apparel & Clothing from Bangladesh


The popular fashion brands in the United States are eager to source more from Bangladesh over the next two years as they find prices in the country lower than global average prices. According to the United States Fashion Industry Association (USFIA), the unit price of apparel products in Bangladesh was USD 2.5 in July-May 2021 as against the global average of USD 2.6.


The association said Bangladesh offers the most competitive price, followed by China, Vietnam, Indonesia, India and Cambodia. Because of the US-China tariff war, the US fashion companies had to pay an average 23.4% import duty rate for apparel imports from China in 2020, which was much higher than 16.5% back in 2017.


Competition for Bangladesh Apparel & Clothing Industry


The Covid-19 pandemic situation in the United States had somewhat come under control following mass vaccination in June 2021. Many restrictions were relaxed and people started increasing shopping too. As a result, export of readymade garments has risen to the US from various countries.


China and Vietnam are the top competitors of Bangladesh, when it comes to apparel & clothing exports to the United States. Bangladesh is the third largest apparel exporter to the US after China and Vietnam. China’s apparel exports to the US rose by 19% year-on-year in Jan-Apr 2021. On the other hand, Vietnam’s exports apparel to US increased by 8% year-on-year in the given period.


Vietnam shares 19.65% of the US ready-made garment market, while Bangladesh shares only 7.82%. India’s exports of apparel to the US were dropped by 1% year-on-year in the first four months of 2021. India is the 4th largest apparel exporter to the United States. Besides India, Indonesia is also a competitor of Bangladesh apparel industry as Indonesia exports to US declined by 11% year-on-year in the said period.


Get US import data and Bangladesh export data to analyze trade picture of apparel & clothing between the two countries. If you have any data requirements of any country or HS Code or product, contact us and our sales representatives will response you soon. 

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