Despite a dispute over GSP facility, Bangladesh's apparel exports to the US booked double-digit growth both in terms of value and volume in 2015. The rise in garment export has been shown in US official data, in a comparative revelation of trade position with Bangladesh's competitors on the American market.
According to industry-insiders the prevailing stable political situation and ongoing safety drive helped in regaining the buyer confidence, resulting in such performance. In 2015, Vietnam, one of Bangladesh's main competitors, also registered a double-digit growth on the US market. According to Office of Textiles and Apparel (OTEXA) under the US Department of Commerce, shipment of local garment products to its single-largest destination reached $5.40 billion during 2015 calendar year, registering an 11.74 per cent growth over the previous year.
Bangladesh's apparel export to the United States fell to $4.83 billion in 2014 from $4.94 billion in 2013. The country exported 1.86 billion sq. mt. of apparel products, showing a 16.17 per cent growth, last year compared to that of 2014. Overall exports to the US, however, stood $5.60 billion in the last calendar year, up from $5.0 billion in 2014, reveals the OTEXA data.
Experts argue, though the garment-export earnings from the US market registered a double-digit growth, the price of locally-made apparels did not increase in line with the rising production cost. Meanwhile, India and Sri Lanka registered a growth of 7.78 per cent and 15.82 per cent with earnings worth $ 3.36 billion and $2.03 billion respectively in the past year, the OTEXA data showed.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Intertextile Shenzhen 2026: Pioneering the Future of Textile Innovation
As Shenzhen cements its status as China’s premier hub for manufacturing, artificial intelligence, and startup cultivation, Intertextile Shenzhen Apparel Fabrics... Read more
The Devil Wears Prada 2 reflects fashion’s power shift, where consumers replace …
" " The release of The Devil Wears Prada 2 has sparked a debate far bigger than a Hollywood sequel. What... Read more
The 30-minute problem reshaping the $63 bn leggings market
The global leggings makers are racing to solve one of the apparel industry’s most expensive hidden problems: discomfort that appears... Read more
Why the resale explosion is failing to slow apparel production
The global apparel industry is confronting an uncomfortable paradox. The explosive rise of the resale economy, once viewed as a... Read more
Can India’s textile sector convert FTAs into global dominance?
What began as a cautious China Plus One sourcing strategy for global apparel trade, has now evolved into a full-scale... Read more
No More Easy Wins: Why global retailers are losing ground in China
China’s retail sector has entered a new phase, one defined not by aspiration, but by scrutiny. The long-standing advantage enjoyed... Read more
Resale overtakes fast fashion as vinted climbs UK Retail rankings
For the first time in decades, the British fashion market is witnessing a major change as resale platform Vinted secures... Read more
Shein Buys Everlane: Why sustainable fashion brands are losing the scale war
The acquisition of Shein by premium basics label Everlane marks a defining moment in the global apparel industry. What initially... Read more
Status, Rewired: Health, AI and experience are displacing heritage luxury
The global luxury industry is not facing a demand fall it is confronting a redefinition of value. As bellwethers like... Read more
Secondhand apparel enters asset era as global resale market targets $393 bn by 2…
Clothing is increasingly being treated not as a depreciating consumer good but as a tradable financial-like asset. As per ThredUp... Read more












