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US’ swimwear imports decline by 19.24 per cent: OTEXA


As per OTEXA stats, US’ swimwear imports declined 19.24 per cent to $643,37 million from January-August 2020. Imports plunged by 43.45 per cent to $202.78 million during the period as against $358.59 million in the corresponding period previous year. Chinese orders of swimwear were seen shifting to other countries as the US’s decline in the import of this category is much less than the decline China noted in its exports.

Imports from Bangladesh grew 75.20 per cent. The country clocked $14.12 million in its exports in January-August ’19 period, while it increased to $24.73 million in the same period of 2020. Jordan, the largest manufacturing destination in MENA region, saw a 189.80 per cent yearly growth in swimwear exports to the US amounting to $30.63 million. Vietnam, Sri Lanka and Egypt’s exports too surged by 8.07 per cent, 7.73 per cent and 27.60 per cent, respectively. Their exports to the US was worth $164.13 million, $36.46 million and $ 23.51 million.