USA’s Apparel Import and Bangladesh’s Export Fall in 2023
13 October 2023, Mumbai
USA’s apparel import from the world and Bangladesh has fallen by 22.77% and 21.77% respectively in the first eight months of 2023, according to OTEXA data. The import quantity has also declined by 26.80% and 29.10% respectively.
Unit prices
Unit Price Increases for Both World and Bangladesh The unit price per SME of USA’s import from the world has risen by 5.50% to US$ 3.24 in January-August 2023.
For Bangladesh, the unit price per SME has increased by 10.35% to US$ 3.27 in the same period.
Implications and Recommendations
The decline in USA’s apparel import reflects the slowdown in retail and economy. Bangladesh should diversify its export markets and products to ensure growth sustainability.
USA is still a major market for Bangladesh and there is potential to increase its capacity and value addition.
