Written by The Banking Post
📈 US Market Delivers Robust Growth for Bangladeshi Apparel Bangladesh’s garment exports to the United States jumped by 21.60% during January–May 2024, reaching $3.53 billion, according to the Office of Textiles and Apparel (OTEXA). This marks a significant increase from $2.90 billion during the same period last year, reaffirming the US as Bangladesh’s largest apparel export market—now valued at around $8 billion annually.
🏛️ Growth Amid Tariff Negotiations The surge comes as Washington and Dhaka remain in discussions over potential tariff adjustments proposed under earlier US policy frameworks. Despite these headwinds, Bangladeshi apparel continues to command strong demand across American retailers.
🌍 EU Market Also Expands Bangladesh also recorded a 17.62% increase in garment exports to the European Union.
- Jan–May 2024 exports: $9.68 billion
- Jan–May 2023: $8.23 billion
- 🔼 Growth: $1.44 billion, driven by both volume and price hikes
- Average price per unit up 15.08%, according to Eurostat
🇺🇸 US Volume and Price Trends
- Apparel export volume to US: +21%
- Average price per unit: +0.47%
🧵 Competitive Snapshot – Jan–May 2024 US Market
| Country | Export Growth to US (%) |
|---|---|
| Cambodia | 28.64 |
| Bangladesh | 21.60 |
| Pakistan | 21.58 |
| India | 16.96 |
| Vietnam | 16.33 |
| Indonesia | 13.55 |
| China | -10.00 |
🔍 While global apparel imports into the US rose by 7% overall, China’s decline opened fresh market opportunities for competitors like Bangladesh, Pakistan, and Cambodia.
🎯 Bangladesh’s sustained export momentum—across both US and EU markets—signals competitive resilience and rising global preference for its garments, even amid complex trade negotiations.
