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US denim exports from Bangladesh drops

  

With overall apparel shipment reducing in Bangladesh denim apparel import by the US continued to fall consistently in November 2020. US imported $264 million worth denim apparels in November, declining 10.90 per cent on year-on-year and 19.53 per cent on month-on-month basis.

After witnessing a yearly growth for three consecutive months in denim apparel shipment to US, Bangladesh plunged by 2.66 per cent in November clocking $54.80 million revenues.

The bigger concern for Bangladesh is monthly decline of 24 per cent in November 2020 as compared to October 2020 at a time when Mexico – which stands at the second spot – just dropped by 2.35 per cent monthly. Nevertheless, Bangladesh is still the top denim shipper to US as, cumulatively, it hit $522.77 million in January-November 2020 period and the value is around $100 million more than Mexico. Mexico’s denim shipment decreased 10.46 per cent in November 2020 over November 2019 and was worth $50.77 million.

Vietnam, the third top denim apparel shipper to the US was also down 2.97 per cent on year-on-year basis and denim apparel shipment totalled $33 million in November 2020, while it saw a plunge of 20.78 per cent on month-on-month basis. Meanwhile, China experienced a steep drop both year-on-year 36.46 per cent and month-on-month it was down 25.75 per cent to clock $28.15 million in November 2020.

 
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