Recently released apparel import data by OTEXA suggests that USA imported US $ 1,061.76 million worth of denim apparels during the Jan.-Apr. ’19 period. This was an increase of 6.82 per cent over the previous quarter.
Of all countries, Mexico exported $261.23 million worth of denim apparels to USA, registering an increase of 17.44 per cent from the previous quarter. China’s exports declined by l 2.29 per cent to US$ 222.77 million.
Vietnam too posted solid growth of 33.65 per cent to export US $ 83.43 million worth of denim apparels. The country surpassed Pakistan in the first four months of 2019 due to latter’s meagre growth of just 5.42 per cent. 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 its export shipment valuation stood at US $ 130.48 million in the review period.