Import from Bangladesh to the US soars by 51%
The United States has imported Readymade Garments (RMG) items worth $7.55 billons from Bangladesh during the January-September period of 2022 which is around 51% higher compared to the same period of 2021.
According to the latest statistics from the Office of Textiles and Apparel of the United States, the import of RMG items by the US from different countries of the world also increased by 34.61% during this nine-month period.
Bangladesh has been able to maintain its position as the 3rd largest RMG sourcing country for the US with a market share of 8.54%.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) director Mohiuddin Rubel, said that the interest of the US buyers in procuring RMG items from Bangladesh has increased in the recent times due to the various initiatives of the government and the entrepreneurs during the coronavirus period alongside the improved compliance situation in Bangladesh.
Besides, the US has also reduced its import of apparel form China which has also came as a blessing for Bangladesh.
According to official data, China is currently the largest source of apparel items for the US with a share of 22.48% followed by Vietnam in the 2nd position having a market share of 18.51%.
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