Recently released apparel import data by OTEXA suggests that USA grew 6.82 per cent to import US $ 1,061.76 million worth of denim apparels in Jan.-Apr. ’19 period.
As expected China continued sinking even in denim category, while the shift was seen to have captured by Mexico which, due to close proximity with USA, showed no reluctance in accepting the diverted orders from China. Mexico surged significantly by 17.44 per cent to export US $ 261.23 million worth of denim apparels to USA and China fell 2.29 per cent to ship denim apparels valued at just US $ 222.77 million.
Vietnam too posted solid growth of 33.65 per cent and exported US $ 83.43 million worth of denim apparels to its biggest destination USA. Vietnam even surpassed Pakistan in the first four months of 2019 due to latter’s meagre growth of just 5.42 per cent.
Pakistan stayed ahead of Vietnam in the same period of last year with US $ 70.73 million worth of exports over Vietnam’s US $ 62.43 million export value but in 2019, Pakistan’s sluggish growth could only make US $ 74.57 million from its denim apparel exports allowing Vietnam to overtake it.
Bangladesh, on the other hand, saw a rise of just 3.23 per cent and export shipment valuation stood at US $ 130.48 million in the review period.
Seeing the double-digit growth of Mexico and Vietnam, it can be said that Bangladesh could not grab the shift even amidst the ongoing USA-China trade war probably because Mexico remained the preferred choice for USA in jeans sourcing as it is getting advantage of ‘zero’ duty rates for jeans shipped to USA under the North American Free Trade Agreement.