Bangladesh and India have emerged as the biggest beneficiaries in kidswear export to USA in January 2020. As recent reports by OTEXA reveal, USA imported US $ 237.14 million worth kidswear in January and grew by 1.23 per cent on Y-o-Y basis. India massively surged by 27.17 per cent in its kidswear exports to USA, while Bangladesh grew by a huge 44.76 per cent.
India shipped kidswear worth US $ 33.59 million to USA in January 2020 as against US $ 26.41 million worth of shipment in January 2019. On the other hand, Bangladesh escalated its kidswear export to US $ 30.05 million from US $ 20.76 million a year earlier.
Vietnam shipped kidswear to USA worth US $ 31.32 million during the same time, which is 10.19 per cent higher than January 2019. Seeing the data, it’s clear that India surpassed the export value of Vietnam in kidswear export, while Bangladesh almost narrowed the gap with this 2nd top RMG exporter to USA. Indonesia also steered its kidswear export to USA in January which was down till December by 20.78 per cent. Revenue that Indonesia earned in this category was US $ 9.72 per cent, growing at 12.93 per cent rate on Y-o-Y basis.
China dipped enormously by 43.68 per cent due to Coronavirus outbreak in January as it declared lockdown in most of the provinces which prevented Chinese factories to achieve on-time shipment. China could export kidswear to USA just worth US $ 56.53 million in the first month of 2020 as compared to US $ 100.37 million in the same month of 2019.