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Bangladesh stood 3rd as top apparel supplier in US in 2020

The biggest apparel importer USA has witnessed a dip in its apparel imports during 2020 – both value-wise and volume-wise, according to the latest data of OTEXA.

US imported 2.31 billion SME of apparels in 2020 valuing the US $ 64.07 billion down by 16.37% and 23.46%, respectively.

Y-o-Y % Change in Volume-wise Apparel Exports to the USA from Top 10 Countries:
(Comparison between 2019 and 2020) (Qty in million SME)
Countries 2019 2020 % Change
World 27,660.75 23,132.80 (-) 16.37
China 11,049.94 8,466.40 (-) 23.38
Vietnam 3,947.56 3,787.71 (-) 4.05
Bangladesh 2,009.79 1,889.63 (-) 5.98
Cambodia 1,042.88 1,127.38 8.10
Indonesia 1,129.18 922.12 (-) 18.34
India 1,118.56 904.73 (-) 19.12
Honduras 1,004.40 681.19 (-) 32.18
Mexico 789 679.95 (-) 13.82
Pakistan 598.51 630.91 5.42
El Salvador 745.16 492.03 (-) 33.97

In consequence, all top apparel exporter countries saw a fall in their respective exports to the US due to the COVID-19 pandemic outbreak.

As far as volume-wise import of US is concerned, China Indonesia and India’s apparel shipment fell in double digits, while Vietnam and Bangladesh declined in single digits.

What’s notable is that Cambodia grew both in volumes and values in its apparel shipment to the US in 2020 over 2019.

In volume terms, Cambodia even surpassed Indonesia and India to climb to the 4th spot after China, Vietnam and Bangladesh from 6th rank in the 2019 tally.

Y-o-Y % Change in Value-wise Apparel Exports to the USA from Top 10 Countries:
(Comparison between 2019 and 2020) (Values in the US $ million)
Countries 2019 2020 % Change
World 83,704.74 64,070.48 (-) 23.46
China 24,911.09 15,154.79 (-) 39.16
Vietnam 13,552.22 12,570.07 (-) 7.25
Bangladesh 5,924.32 5,229.16 (-) 11.73
Indonesia 4,398.90 3,514.98 (-) 20.09
India 4,058.36 3,020.07 (-) 25.58
Cambodia 2,677.79 2,823.80 5.45
Mexico 3,124.43 2,203.19 (-) 29.49
Honduras 2,792.86 1,826.46 (-) 34.60
Jordan 1,781.19 1,527.33 (-) 14.25
Sri Lanka 1,796.37 1,463.23 (-) 18.55

 

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