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Bangladesh’s apparel export to US registers 4.30 per cent rise

Bangladesh’s apparel export to the US market has seen a 4.30 per cent rise to $1.45 billion in the first quarter of current calendar year, despite the declining trend of overall apparel import by the United States from across the world.

Meanwhile, the overall apparel export to US from other countries has declined by 2.14 per cent to $19.30 billion, which was $19.72 billion in the same period a year ago.

As per the January-March data of the Office of Textiles and Apparel (OTEXA), US Department of Commerce, Bangladesh earned $1.45 billion, exporting clothing products to the US market, which is 4.30 per cent higher compared to $1.40 billion a year ago.

However, the volume posted an 8.38 per cent growth to 517.63 million square meters equivalent (SME) to the same period that indicates the unit prices of apparel products made in Bangladesh have seen a fall.In the same period last year, the volume was 477.62 million SME.

Meanwhile, the overall RMG import by the US increased by 4.14 per cent to $5.60 billion with an 11.93 per cent rise compared to $5 billion in the same period a year ago.