Garment shipment to the US increased by 0.75% to $7.34 billion
Garment export to the US has grown year-on-year in 2024 after a gap of two years as the sales of apparel in the American market is increasing with the easing of high inflationary pressure.
Last year, meaning from January to December, Bangladesh’s garment export to the US grew by 0.75 percent to $7.34 billion, according to data from the US Office of Textiles and Apparel (OTEXA).
Bangladesh’s garment export to the US had been decreasing from the severe fallouts of the Covid-19 and the Russia-Ukraine war.
But, in recent months, garment export to the US, Bangladesh’s single largest export destination, was showcasing resilience in shipments, and finally it came to the positive territory in December last year.
The country also experienced a 4.86 percent growth in export volume.
However, similar to the overall market trend, Bangladesh faced a 3.94 percent decline in unit price, which has had a direct impact on profitability.
Last year, the US’s overall import of apparel grew by 1.71 percent to $77.92 billion, the data said.
China was the largest apparel supplier, registering 0.79 percent year-over-year growth to $16.50 billion. https://www.thedailystar.net/business/news/rmg-exports-us-grow-after-gap-two-years-3819216
