Inteletex.com
Bangladesh and Cambodia are set to be the fastest growing suppliers to the US clothing import market in 2011.
The ‘Trade and trade policy: the US clothing import market’ study, published by Textiles Intelligence, found that in the first two months of 2011, Bangladesh was the fastest growing supplier of US clothing imports, which rose in value by 39%. Cambodia was the second fastest, with US buyers increasing their purchases by 31%.
In El Salvador and Honduras exports to the US rose by 23% and 19%, respectively. However, the report found that growth in El Salvador was slower than in 2010 and remained the same in Honduras, said to be a sign that buyers are placing bigger orders with manufacturers in Asia as consumer confidence returns.
Significantly, Bangladesh, Cambodia, El Salvador and Honduras, along with Pakistan, were the cheapest of the USA’s leading ten clothing suppliers in 2010. This success reflects buyers’ focus on low cost supplies as the recovery in the US economy remained tentative, said Textiles Intelligence.
The report found that all four of these countries increased their prices in the first two months of 2011 due to rising raw material prices, reflecting an increase in the average price of US clothing imports as a whole.
2 comments:
god bless cambodia.
These two countries have very few jobs for the people. People have nothing to do so they think by working in a clothing factory is like working in a hi-tech company.
Where as a country which has a lot of hi-tech companies look at a clothing factory as the bottom of the list.
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