Price drop in US market puts damper on apparel export

The fallouts of the pandemic COVID-19 have an unprecedented impact on the global economy and very badly impacted the price level of apparel items to the US markets, the world’s largest garment importing nation. The apparel exporting countries to the USA like Bangladesh, China, Egypt and Pakistan have been facing a stiff price war to the American markets in the time of the pandemic.

The supplying countries have been witnessing a drastic price fall in the US markets and also a drop in the import of goods due to slower demand by the consumers.

For instance, the price of imported apparel in the US declined to $2.60 per Square Metre Equivalent (SME) in February this year against $2.95 per SME in February 2020, according to data from the US Department of Commerce.