Garment exports to the US rose by 5.83 percent year-on-year to $4.17 billion in the nine months to September thanks to the increasing Christmas spending by the Americans and the ongoing US-China trade war.
The North American clothing retailers and brands have been placing more work orders after gaining confidence from the near complete factory safety inspection and remediation run by the Accord and Alliance, exporters said.
US consumers will spend an average of $1,007.24 during the holiday season this year, up 4.1 percent from $967.13 they spent last year, according to an annual survey by the National Retail Federation and Prosper Insights & Analytics.
Based in Washington, the National Retail Federation (NRF) is the world’s largest retail trade association.
The growth of garment export to the US indicates that Bangladesh is becoming a lucrative destination for the American retailers and brands following the US-China trade war, as predicted by analysts earlier.