US Increases Import of Waterproof Footwear from Bangladesh
Recent trade data shows a 12% increase in imports of waterproof footwear (HS Code: 6401.92) from Bangladesh to the United States in the third quarter of 2023, driven by competitive pricing and improved production capacity in Bangladesh.
2023-10-15
Impact: This surge strengthens trade ties between the two countries and boosts Bangladesh's position as a key supplier of footwear to the US market, potentially leading to further investments in the sector.
Bangladesh Footwear Exporters Eye US Market Expansion
Bangladeshi footwear manufacturers, specializing in waterproof rubber and plastic footwear, are targeting a larger share of the US market following successful trade exhibitions and buyer interest at the 2023 Global Footwear Expo.
2023-09-20
Impact: Increased visibility and demand could lead to higher export volumes to the US, encouraging production scalability and job creation in Bangladesh's footwear industry.
US Retailers Report High Demand for Bangladeshi Waterproof Footwear
Major US retailers have reported a spike in consumer demand for affordable waterproof footwear, with Bangladeshi imports under HS Code 6401.92 gaining traction due to their durability and cost-effectiveness.
2023-08-05
Impact: This trend is likely to result in sustained import growth, benefiting Bangladeshi exporters while providing US consumers with competitively priced products.
