Business

RMG export to USA falls 14% in Jan-Apr

Shipment to the American market has been falling for high inflationary pressure
RMG exporters facing losses
Photo: Star/File

Bangladesh's garment export to its single largest export destination -- the USA -- declined by 14.44 percent year-on-year to $2.3 billion in the January-April period of this year as the American buyers have slowed down import of apparel from all over the world.

In the same period, the combined export of textile and garment to the USA also declined by 14.15 percent year-on-year to $2.38 billion, according to data from the Office of Textiles and Apparel (OTEXA), a body under the US Department of Commerce.

Exporters said garment shipment from the south Asian country to the USA has been declining over the last several months as the American clothing retailers and brands cut imports following the high inflationary pressure on the consumers.

Comments

RMG export to USA falls 14% in Jan-Apr

Shipment to the American market has been falling for high inflationary pressure
RMG exporters facing losses
Photo: Star/File

Bangladesh's garment export to its single largest export destination -- the USA -- declined by 14.44 percent year-on-year to $2.3 billion in the January-April period of this year as the American buyers have slowed down import of apparel from all over the world.

In the same period, the combined export of textile and garment to the USA also declined by 14.15 percent year-on-year to $2.38 billion, according to data from the Office of Textiles and Apparel (OTEXA), a body under the US Department of Commerce.

Exporters said garment shipment from the south Asian country to the USA has been declining over the last several months as the American clothing retailers and brands cut imports following the high inflationary pressure on the consumers.

Comments

ঘন কুয়াশায় ঢাকা-মাওয়া এক্সপ্রেসওয়েতে একাধিক গাড়ির সংঘর্ষ, নিহত ১

মাওয়ামুখী লেনে প্রথমে একটি প্রাইভেট গাড়িকে পেছন থেকে ধাক্কা দেয় একটি কাভার্ডভ্যান। তারপরে একটি বাস প্রাইভেট গাড়িকে পেছন থেকে ধাক্কা দেয়। কাভার্ডভ্যানের পেছনে এসে ধাক্কা দেয় আরেকটি মাইক্রোবাস।...

১ ঘণ্টা আগে