Bangladesh has witnessed overall negative growth in shipments compared to other competitors in Asia, as per exporters making a reference to a recent report of US Commerce Department, exporters say Bangladesh, recording a marginal fall during January-April this year.
The report on ‘US apparel imports from major Asian sources in January-April 2010′ shows Bangladesh’s apparel shipments saw one percent decline over the like period of the past year.
The report shows that in January-April, shipments from China grew more than 13 percent to $6.8 billion, Vietnam 9.6 percent to $1.7 billion and Indonesia 6.1 percent to $1.46 billion.
Shipments from India in the period grew by 1.8 percent to $1.15 billion, Pakistan 8 percent to $0.4 billion and from Cambodia they grew by 3 percent to $0.65 billion.
‘The post-recession US market appears to be harsh to Bangladesh,’ a Bangladeshi executive who works for the Dhaka sourcing office of an US importer told New Age.
In the first four months of the current year, Bangladesh’s apparel shipments to the US were worth $1.21 billion against the figure of $1.2 billion in the like period of the 2009.
Sourcing dynamics have changed a lot in the post-recession market and it appears that the US market after recession has been harsh to Bangladesh.