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Bangladesh’s RMG export declining in the US

This year (January-March), Bangladesh exported 51 million square meters of RMG to the US market and earned $145 crores. This is more than last year. The growth in January was 11.31 per cent but it came down to 8.46 per cent by the end of February, according to the data released by Office of Textiles and Apparel.

Bangladesh is on 3rd biggest RMG exporter to the US market. China and Vietnam are the top two. This year (January- March), China exported RMG to the US market and earned $609 crore. This is 5.94 per cent less than the previous year. During the same period, Vietnam earned $257 crores through RMG exports to the US market. However, Vietnam’s exports have increased to 5.73 per cent since the last year.