Bangladesh faced denim export drop to US at the end of 2020

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In Bangladesh, imported denim clothes by the United States began to decline steadily in November 2020 with total clothing exports. US dollars imported denim garments valued at US$264 million, decreased by 10.90% year-on-year and decreased by 19.53% month-on-month. Bangladesh saw a three-month annual rise in denim shipments to the USA, and caught sales of $54.80 million in November by 2.66%.

Bangladesh’s main worry is that by November 2020 the monthly fall was 24 per cent, while Mexico, second in the country, only fell by 2.35% monthly, compared with October 2020. Nevertheless, Bangladesh remains the leading US shipper of denim since in January-November 2020 it cumulatively reached $522.77 million, which is around $100 million higher in value than Mexico. In November 2020, Mexico’s denim shipment fell by 10.46% over November 2019 and amounted to $50.77 million.

In November 2020, Vietnam, the third-largest exporter of denim clothing in the United States has also decreased by 2.97% year-on-year, with Denim clothing being shipped at $33 million and 20.78% diving month-on-month. Meanwhile, both 36.46% in 2015 and 25.75% month in month in November 2020, China has undergone a sharp decline in terms of $28.15 million.

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