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Bangladesh fares well in RMG export to US than its competitors

With the reopening of the economy and improvement in the COVID-19 situation in the US, Bangladesh’s apparel exports to the country increased by 28 percent to $3.7 billion during the January-July period of 2021.

According to the US Department of Commerce’s Office of Textiles and Apparel (OTEXA), Bangladesh’s apparel export shipment to the United States of America rose by 28 percent to $3.7 billion during the first seven months of the year 2021, which was $2.89 billion in the same period a year ago.

Bangladesh-apparel-export-amount-USA

Compared to its closest competitors, Bangladesh fared well in exports performance. China, the number one exporter of clothing products to the US, also to the global markets posted a 24.33 percent growth to $9.13 billion.

Vietnam, the second-largest exporter of the US after China, recorded a 16.43 percent growth to 0ver $8 billion.

Cambodia’s apparel exports to the US rose by 7.88 percent to $1.65 billion, which was $1.53 billion in the same period of last year.

On the other hand, India, the next-door close competitor saw better growth than Bangladesh and witnessed a 33.10 percent growth to $2.31 billion.

“Global retailers went slow to place work orders due to the COVID-19 pandemic. But with the start of vaccination, they started placing orders as the store was releasing stocks,” Kutubuddin Ahmed chairman of Envoy Textile, told the Textile Today.

On the other hand, consumers are in buying mode because of ease in the COVID-19 situation. As a result, buyers have imported goods with larger volume from the second quarter of the year and it pushed the exports earnings up, said Ahmed, also a former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Meanwhile, the worsening of the COVID-19 pandemic in Cambodia and Vietnam is another reason for the rise in exports.

“As the COVID-19 pandemic hit Vietnam and Cambodia badly this year, which was not in the previous year, the buyers relocated orders to Bangladesh,” Mohammad Hatem, first vice president of Bangladesh Knitwear Manufacturers and Exporters Association told the Textile Today.  

On the other hand, we are providing quality products at a reasonable price and ensuring timely shipment at any cost even in the pandemic, said the business leader.

We are very hopeful in retaining the growth as the COVID-19 situation is better here and we are providing all-out support to workers’ health safety and they are working, said Hatem.

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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