Bangladesh exported denim apparel to the US in the first seven months (January-July) of this year (2022) worth $531.23 million, fetching a year-on-year growth of 46.6% from the same period of 2021, according to recent data from the Commerce Department’s Office of Textiles and Apparel (Otexa), maintaining the dominance in the market.
In the same period last year, Bangladesh exported denim apparel worth $362.37 million in the North American country, Otexa data stated.
The US imported denim apparel worth $2.45 billion during the mentioned period of 2022, noting a significant increase of 34.88% on a YoY basis, from $1.81 billion in the same period last year, data also revealed.
In 2021, Bangladesh had become the top denim exporter to the US for the second consecutive year. Currently, Bangladesh holds a 22.43% market share of the US denim market as the market leader.
Along with Bangladesh, all major denim apparel shippers witnessed an increase in their respective shipments to the US market, namely Mexico, Pakistan, Vietnam, China, and Egypt.
Securing the second position, Mexico experienced significant progress and shipped $430.23 million worth of denim garments to the US, registering a growth of 21.9% YoY from $352.93 million in the January-July period, with a market share of 16.98%.
With an 11.33% market share, Pakistan exported denim apparel worth $287.9 million registering a 52.38% yearly growth in the US market during the first seven months of 2022, from $188.9 million in the same period last year.
Vietnam was fourth, exporting $267.64 million worth of denim with a 33.99% growth from $199.75 million in the mentioned period last year, and a market share of 10.91%.
China shipped $225.55 million worth of denim garments – up by 17.27% – from last year’s $192.33 million, with a market share of 9.76%, Otexa data said.