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RMG export growth to USA outshines China, Vietnam in Jan 2022 - CPD RMG Study

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In terms of export growth, the country outshined its rivals China and Vietnam. As per the OTEXA data, the USA imported $756 ..." /> <meta property="og:url" content="http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/" /> <meta property="og:site_name" content="CPD RMG Study" /> <meta property="article:published_time" content="2022-03-13T08:25:38+00:00" /> <meta property="og:image" content="http://rmg-study.cpd.org.bd/wp-content/uploads/2022/02/rmg_debonair_mumit-5281-1.jpg" /> <meta property="og:image:width" content="686" /> <meta property="og:image:height" content="386" /> <meta property="og:image:type" content="image/jpeg" /> <meta name="author" content="tamim" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:label1" content="Written by" /> <meta name="twitter:data1" content="tamim" /> <meta name="twitter:label2" content="Est. reading time" /> <meta name="twitter:data2" content="2 minutes" /> <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"WebPage","@id":"http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/","url":"http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/","name":"RMG export growth to USA outshines China, Vietnam in Jan 2022 - CPD RMG Study","isPartOf":{"@id":"http://rmg-study.cpd.org.bd/#website"},"primaryImageOfPage":{"@id":"http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/#primaryimage"},"image":{"@id":"http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/#primaryimage"},"thumbnailUrl":"https://rmg-study.cpd.org.bd/wp-content/uploads/2022/02/rmg_debonair_mumit-5281-1.jpg","datePublished":"2022-03-13T08:25:38+00:00","dateModified":"2022-03-13T08:25:38+00:00","author":{"@id":"http://rmg-study.cpd.org.bd/#/schema/person/6ab119a302d00019f004f2cdf41c386b"},"breadcrumb":{"@id":"http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/#primaryimage","url":"https://rmg-study.cpd.org.bd/wp-content/uploads/2022/02/rmg_debonair_mumit-5281-1.jpg","contentUrl":"https://rmg-study.cpd.org.bd/wp-content/uploads/2022/02/rmg_debonair_mumit-5281-1.jpg","width":686,"height":386},{"@type":"BreadcrumbList","@id":"http://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http://rmg-study.cpd.org.bd/"},{"@type":"ListItem","position":2,"name":"RMG export growth to USA outshines China, Vietnam in Jan 2022"}]},{"@type":"WebSite","@id":"http://rmg-study.cpd.org.bd/#website","url":"http://rmg-study.cpd.org.bd/","name":"CPD RMG Study","description":"Stitching a better future for Bangladesh","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http://rmg-study.cpd.org.bd/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"http://rmg-study.cpd.org.bd/#/schema/person/6ab119a302d00019f004f2cdf41c386b","name":"tamim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http://rmg-study.cpd.org.bd/#/schema/person/image/","url":"https://secure.gravatar.com/avatar/7e22535c14e2860c9266200860abf477?s=96&d=mm&r=g","contentUrl":"https://secure.gravatar.com/avatar/7e22535c14e2860c9266200860abf477?s=96&d=mm&r=g","caption":"tamim"},"url":"https://rmg-study.cpd.org.bd/author/tamim/"}]}</script> <!-- / Yoast SEO plugin. --> <link rel='dns-prefetch' href='//www.googletagmanager.com' /> <link rel='dns-prefetch' href='//fonts.googleapis.com' /> <link rel="alternate" type="application/rss+xml" title="CPD RMG Study &raquo; Feed" href="https://rmg-study.cpd.org.bd/feed/" /> <link rel="alternate" type="application/rss+xml" title="CPD RMG Study &raquo; Comments Feed" href="https://rmg-study.cpd.org.bd/comments/feed/" /> <link rel="alternate" type="application/rss+xml" title="CPD RMG Study &raquo; RMG export growth to USA outshines China, Vietnam in Jan 2022 Comments Feed" href="https://rmg-study.cpd.org.bd/rmg-export-growth-to-usa-outshines-china-vietnam-in-jan-2022/feed/" /> <script type="text/javascript"> /* <![CDATA[ */ window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/rmg-study.cpd.org.bd\/wp-includes\/js\/wp-emoji-release.min.js"}}; /*! 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In terms of export growth, the country outshined its rivals China and Vietnam.</p> <p>As per the OTEXA data, the USA imported $756 million worth of apparel items from Bangladesh in January 2022. Witnessing an impressive 45.53% growth. While the country exported $519 million RMG goods in January 2021.</p> <p>The OTEXA data also revealed that in terms of volume – the USA imported 282.38 million square meters of RMG from Bangladesh. Growing by 42.17%.</p> <p>The overall US apparel imports from the world also augmented by 36.60% to $7.54 billion on January 2022 – from $5.52 billion in the same month of 2021, the OTEXA data showed.</p> <p><a href="https://www.textiletoday.com.bd/wp-content/uploads/2022/03/Bangladesh-China-Vietnam-garment-export-USA-January-2022.jpg"><img decoding="async" class="wp-image-114657 alignnone" src="https://www.textiletoday.com.bd/wp-content/uploads/2022/03/Bangladesh-China-Vietnam-garment-export-USA-January-2022.jpg" sizes="(max-width: 724px) 100vw, 724px" srcset="https://www.textiletoday.com.bd/wp-content/uploads/2022/03/Bangladesh-China-Vietnam-garment-export-USA-January-2022.jpg 724w, https://www.textiletoday.com.bd/wp-content/uploads/2022/03/Bangladesh-China-Vietnam-garment-export-USA-January-2022-300x163.jpg 300w, https://www.textiletoday.com.bd/wp-content/uploads/2022/03/Bangladesh-China-Vietnam-garment-export-USA-January-2022-585x318.jpg 585w" alt="Bangladesh-China-Vietnam-garment-export-USA-January-2022" width="759" height="413" /></a></p> <p>Figure: In growth terms, Bangladesh’s RMG exports to the USA outshined its rivals China and Vietnam in         January 2022.</p> <p>Among other top apparel exporting countries to the USA, China exported $1.90. While Vietnam exported $1.27 billion RMG in the first month of the present calendar year. While apparel export growth from India grew by 53.40%, Pakistan 44.41%, Cambodia 42.12% in the USA.</p> <p>Faruque Hassan, President, BGMEA said, “Newer challenges will emerge for Bangladesh in the post-LDC era, as the trade facilities – currently being enjoyed by the country – will no longer be available after the graduation.”</p> <p>“As you know that our RMG export to the USA grew by 49.38% and earned $5.08 billion during July-January of FY2021-22, a significant growth,” added Faruque Hassan – who is currently leading BGMEA delegation team in the Executive Summit of American Apparel &amp; Footwear Association (AAFA) being held in Washington D.C. to represent the garment industry of Bangladesh and showcase its success stories and potential among international brands and buyers.</p> <p>“In such a context, Bangladesh needs to step up its diplomatic efforts in our major export markets, like the US, to create an enabling environment to expand trade,” said BGMEA President at a meeting with M Shahidul Islam, Bangladesh Ambassador to the USA, in Washington DC recently.</p> <p>Faruque Hassan also called upon Ambassador Shahidul Islam to assist in attracting investment from the US businessmen and non-resident Bangladeshis in textile industries in Bangladesh.</p> <p>BGMEA Vice President Miran Ali and Director Abdullah Hil Rakib, and Deputy Chief of Mission Ferdousi Shahriar and Commercial Counsellor Md Salim Reza were also present at the meeting.</p> </div><!-- .entry /--> <span style="display:none" class="updated">2022-03-13</span> <div style="display:none" class="vcard author" itemprop="author" itemscope itemtype="http://schema.org/Person"><strong class="fn" itemprop="name"><a href="https://rmg-study.cpd.org.bd/author/tamim/" title="Posts by tamim" rel="author">tamim</a></strong></div> <div class="share-post"> <script> window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if 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width="452" height="254" src="https://rmg-study.cpd.org.bd/wp-content/uploads/2022/03/screenshot_20220322-160920_video_player.jpg" class="attachment-tie-medium size-tie-medium wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://rmg-study.cpd.org.bd/wp-content/uploads/2022/03/screenshot_20220322-160920_video_player.jpg 452w, https://rmg-study.cpd.org.bd/wp-content/uploads/2022/03/screenshot_20220322-160920_video_player-300x169.jpg 300w" sizes="(max-width: 452px) 100vw, 452px" /> <span class="fa overlay-icon"></span> </a> </div><!-- post-thumbnail /--> <h2 class="post-title"><a href="https://rmg-study.cpd.org.bd/rmg-workers-set-fire-on-bus-block-highway-in-gazipur/" rel="bookmark">RMG workers set fire on bus, block highway in Gazipur</a></h2> <p>Originally posted in The Business Standard on 22 March 2022 Ready-made garments ...</p> </div> </section> <!-- Google Tag Manager (noscript) snippet added by Site Kit --> <noscript> <iframe 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