According to OTEXA, USA imported US $ 2.80 billion worth of denim apparels in 2020, falling 24.92 per cent on Y-o-Y basis.
In terms of volumes, the decline was 21.19 per cent as compared to 2019 and US imported 29.89 million dozen of denim apparels in 2020.
Bangladesh concluded 2020 with the top position in tally and shipped US $ 561.29 million worth of denim apparels to USA, noting a slight fall of 3.98 per cent.
It’s worth mentioning here that the fall of Bangladesh was amongst the lowest in all top countries which ship denim merchandise to USA.
Vietnam too showed resilience as it dropped by just 1.08 per cent in 2020 to ship US $ 368.19 million worth of denim garments to its largest export destination and retained 3rd rank in the tally.
The two countries which saw drastic fall were Mexico and China.
Mexico, the 2nd ranked country in denim shipment to USA, clocked US $ 469.12 million in its respective denim apparel shipment to USA, marking a Y-o-Y fall of 41.54 per cent.
On the other hand, China too plunged heavily by 52.29 per cent to hit US $ 331.93 million
from its denim apparel export in the US market.
