Garment exports from Bangladesh to the United States fell 2.54 percent to $5.59 billion in the July-March period of the current fiscal year.
The US accounts for about 20 percent of the country’s total annual apparel exports.
Exports to the United Kingdom, the third-largest destination with a 12 percent market share, also dropped 1.61 percent to $3.30 billion during the period, according to data from the Export Promotion Bureau compiled by the Bangladesh Garment Manufacturers and Exporters Association, published yesterday.
Amid a volatile global supply chain, shipments to Canada edged down 0.26 percent to $961.34 million in July-March.
Exports to non-traditional markets declined sharply, falling 8.05 percent during the period.
Overall, readymade garment (RMG) exports stood at $28.58 billion in July-March, marking a 5.51 percent year-on-year decline.
Shipments to the European Union, which accounts for 49 percent of Bangladesh’s total apparel exports, also fell 6.99 percent to $14.02 billion, as per the data.
https://www.thedailystar.net/business/news/rmg-exports-us-fall-254-july-march-4149761
