Bangladesh’s garments export to the US declined by 9.16 per cent Y-o-Y to $4.70 billion in the Jan-Aug’24 period as demand for apparels in the American markets contracted, as per data from the Office of Textiles and Apparel (OTEXA).
The combined apparel and textile (T&A) exports from Bangladesh to the US also lowered by 8.98 per cent Y-o-Y to $4.84 billion during the Jan-Aug’24 period.
OTEXA has recently released its data on apparel and textile import from different countries. The organisation analyses industry data besides being involved in the development of US trade policy. It also participates in trade negotiations and promotion to address trade barriers.
