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Bangladesh apparel export to USA surges in terms of volume in Feb’21

Bangladesh apparel export to the USA surged in terms of volume in February 2021, according to the official data of the USA. The country exported $194.08 million SME of garments in February 2021, which was $89.73 SME of garments in the same period of last year.

The USA saw an 8.70 percent fall in apparel import value in February ’21 on a Y-o-Y basis. The country imported US$ 5.39 billion worth of garments in February this year as against the US $ 5.91 billion in the same month of 2020.

Bangladesh-apparel-export-USA-volume-Feb’21
Figure 1: Bangladesh apparel export to the USA surged in terms of volume in February 2021.

However, the import increased in volume terms by 3.20 percent to 2,069.78 million SME of garments in the 2nd month of 2021. After 17 months (on a Y-o-Y basis) the country has seen such an increase.

The apparel export destinations such as Pakistan, China, Bangladesh, Egypt, etc. noted growth in volume-wise apparel shipment to the USA, while China and Pakistan upped their shipment in value and volume both terms.

USA-Apparel-Exports-Bangladesh-volume
Figure 2: Y-o-Y % Change in Volume-wise Apparel Exports to USA from Bangladesh. (Qty in million SME).

India, Vietnam and Indonesia declined in both value-wise and volume-wise apparel export to the USA where Bangladesh saw an increase in volume-wise apparel exports to the USA.

The apparel export destinations such as Pakistan, China, Bangladesh, Egypt, etc. noted growth in volume-wise apparel shipment to the USA, while China and Pakistan upped their shipment on value-terms as well.

India, Vietnam and Indonesia declined in both value-wise and volume-wise apparel export to the USA.

Bangladesh saw a decline in apparel exports to the USA in terms of value-wise shipment. Bangladesh exported $480.98 million in Feb’21 against $528.47 million in the same month of the previous year.

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