Bangladesh RMG export to USA positive (Y-o-Y)
for the first time in 2020; taps 15.70% growth in August 20
August 20 has been a positive month for countries like
Bangladesh, Pakistan, Myanmar and Lesotho in their
respective apparel shipment to USA, while other major
shippers such as India, China and Vietnam could not see any
positive turnaround on Y-o-Y basis, according to OTEXA data
and analysis of Apparel
The latest data shows that Bangladesh remained
the biggest beneficiary with US $ 594.76 million worth of
apparel shipment to USA in August 20, marking
15.70 per cent growth over August 19. As
compared to preceding month (July 20), Bangladesh grew by
over 36 per cent signalling a fast recovery both on monthly
note and on yearly basis.
growth of Bangladesh has come for the first time in 2020 which
is severely hit by COVID-19.
Cumulatively in January-August 20, Bangladesh clocked US $
3.48 billion in its apparel shipment to USA, noting 14.56
per cent fall on yearly note.
As far as India is concerned, the speculations of strong
order recovery have been there for quite some weeks now, but
US import data doesnt go well with these speculations. India
fell by 18 per cent in its apparel export to
USA in August 20 as compared to August 19 to clock US $
On M-o-M comparison with July 20, there has been a surge of
20 per cent in August 20, which is nowhere near to the
surge it noted in July 20 (87.93 per cent) over June 20.
China continued falling on Y-o-Y basis! US
imported US $ 1.82 billion worth of apparels from China in
August 20, which is 41
per cent lower than what it was in August 19.
On M-o-M basis, China however grew by around 15 per cent as
compared to July 20.
Vietnamese shipment to USA too remained
negative on the yearly note in August 20 as it dropped
by 1.20 per cent to US $ 1.25 billion. The
South East Asian country was also down on monthly note (as
compared to July 20) by 3.10 per cent.