Bangladesh’s kidswear export to USA has reached $153.30 million in the first half (H1) of 2022. Notching a 20% jump in H1 2022.
The kidswear exports from Bangladesh have been on a growth course of late and the USA being one of the largest export destinations has driven this growth.
Barrister Shehrin Salam Oishee, Director, BGMEA said, “USA’s clothing import and retail sales have seen significant growth since the middle of 2021. During Covid-19, people had to stay at home for a long period. So after the lockdown, they used to shop more. This huge growth in retail sales and imports of the USA in previous months might be the result of the revenge purchase of consumers. The USA’s global import increased significantly in the last one and a half years.”
“As per the data of the USA-based agency Office of Textiles and Apparel (OTEXA), USA imported 81.58 billion dollars worth of apparel from the world whereas their import from Bangladesh was 7.14 billion dollars,” Shehrin Salam added.
“Bangladesh is the 3rd largest apparel source for USA followed by China and Vietnam with an 8.76% share of USA’s total apparel import. USA’s import from Bangladesh has increased by 36.69% whereas their global import grew by 27.36% in 2021 compared to the previous year 2020. In 2021, USA’s apparel import from China was 19.61 billion dollars. On the other hand, their import from Vietnam grew by 17.61% and reached 14.37 billion dollars. Also during the first 6 months of 2022, the import of the USA from Bangladesh increased by 60.30% compared to the same period of 2021 while their global apparel import grew by 40.14%,” Shehrin Salam concluded.
“During the peak hour of Covid, we proved our resilience and through the joint effort of Govt., brands, workers and entrepreneurs, we have successfully balanced the lives and livelihood. We also ensured the safety and well-being of the worker by providing their salary and bonus timely. All these activities retained the confidence of our buyers in us.”
As per the latest data released by OTEXA, USA imported $1.40 billion worth in the period. US has witnessed 26.54% Y-o-Y growth in its kidswear sourcing.
Among other top kidswear sourcing countries China, India, and Vietnam has increased greatly. China exported $320 million worth of kidswear to the USA. India exported $246 million worth of kids clothing to the USA. While Vietnam’s kidswear export reached $210 million in H1 ’22, growing by around 27.30%.