Bangladesh, Vietnam overtake China on cotton trouser exports to USA

The cotton trouser import by USA dropped 11.65 % in volume conditions in January 2020. The united states imported 16.68 million dozen cotton trousers in the first month of 2020 as against 18.89 million dozen cotton trousers in the same month of 2019.

USA plunged value-wise as well by 11.77 % and imported cotton trousers worth US $ 1,023.66 million, which is drastically lesser compared to the import value - US $ 1,160.19 million - in January 2019.

Bangladesh offers surpassed China in it has the cotton trouser exports to USA probably for the first time.

The country grew by 9.92 % and shipped cotton trousers worth US $ 237.86 million to USA in January, although it noted surge by 3.69 % in volume terms.

China, on the other hand, sunk drastically by 32.95 per cent in volumes to ship 3.81 million dozen cotton trousers to USA, while values plunged by 47.69 per cent which stood at US $ 161.10 million.

Even Vietnam noted impressive growth of 10.66 % to ship cotton trousers worth US $ 185.72 million in the mentioned month.

Due to this substantial disruption, China slid to third rank in the list, allowing Bangladesh and Vietnam to overtake it and be top several exporters of cotton trouser to USA.

As per Apparel Means’ prediction back 2018, our data examination crew projected, “Given the rate of which Bangladesh is moving and China is falling found in this fundamental category, it really is projected that past might overtake latter by the finish of 2019 in the American industry too.” Which stays authentic in the initially month of 2020, if not in 2019.

Cambodia (US $ 51.61 million) also observed unprecedented growth of 20.54 % amidst global slowdown due to COVID-19 since January. So far as India’s export in cotton trouser segment is concerned, the region failed to start out 2020 on a great take note and slumped by 10.68 % to attain US $ 28.68 million revenues.