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Related Keywords: Bangladesh apparel export market, Bangladesh’s export earnings from US saw fall, Exporters Association of Bangladesh, government policy support and incentives, lack of product diversification, losing share in US markets, OTEXA data, price competitiveness, safety improvement, US Department of Commerce’s Office of Textiles and Apparel

Bangladesh’s apparel export market is losing its share in US markets due to price competitiveness and lack of product diversification, according to the US Department of Commerce’s Office of Textiles and Apparel (Otexa) data, Bangladesh’s export earnings from US saw a 4.46% fall to $5.07 billion in 2017, which was $5.30 billion a year ago. Bangladesh’s market share in US apparel market came down to 6.31% from 6.58%.

Related Keywords: cost per SME, cotton underwear, exporting more expensive garments, OTEXA data, US market, Vietnam apparel import, women’s and men’s cotton pants, women’s cotton knit tops, women’s manmade fiber knit tops

Vietnam is turning up to be a bigger part of the U.S. market in 2014 with its total apparel imports in the first nine months picking up a 1.2 percentage point share gain, from 10 percent in 2013 to 11.3% in 2014, according to the U.S. Department of Commerce’s Office of Textiles and Apparel (OTEXA) data released last week.

In September, U.S. apparel imports from Vietnam totaled a record $914 million, a 22.7% increase over last September, bringing the year-to-date total 15.6% to almost $7 billion.