US APPAREL EXPORTS FROM BANGLADESH INCREASE BY 2.3 PER CENT LAST FISCAL
News Type: Marketing News
Source from: FashionatingWorld
US remained the biggest market for Bangladesh apparel exports in the last fiscal. During the period, products worth $5.98 billion were exported – which is over 16 per cent of the total export of Bangladesh. Export earning was 2.3 per cent higher compared to the $5.84 billion exported during 2016-17.
The main exported item was woven garments worth $3.97 billion, followed by knitwear products at $1.37 billion, home textiles $180 million, and caps $126 million. US procured over 25 per cent of Bangladesh’s woven products, 9 per cent of knitwear and 18 per cent of home textiles products.
Until January 2019, apparel exports to US rolled in $3.59 billion, marking a 18.8 per cent gain over last year’s $3 billion. During July-January 2018, trade of knitwear fetched over $896 million. Trade in woven was over $2.7 billion.
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