BD exports to USA rise by 2.6pc to $4.92b in July-Apr

July 14, 2018

Bangladesh exports to the United States rose by 2.60 per cent to US$ crossed 4.92 billion in the first 10 months (July-April) of the last fiscal year (FY) 2017-18 compared to same period in the previous FY, riding on the growth of the country’s readymade garment sector.The exports to the US were US$ 4.79 billion in the corresponding period of the fiscal previous FY 2016-17. The export figure represents 16.19 percent of the country’s total export earnings during the period of July-April, according to data of the Export Promotion Bureau (EPB).The major exports to the US market during the July-April period were woven garment (US$ 3,254.31 million), knitwear (US$ 1133.40 million), home textiles (US$ 157.77 million) and cap (US$ 105.68 million).During the period, around 25.49 percent of the country’s total woven garment exports entered the US market, followed by knitwear (9.04 percent) and home textile (18.29 percent).Despite political unrest, Bangladesh’s export earnings from the USA in fiscal 2014-15 were impressive with US$ 5.783 billion, up from US$ 5.583 billion in fiscal 2013-14. Export earnings from the USA, however, witnessed a 6.01 percent fall in fiscal 2016-17 compared to the previous fiscal 2015-16 mostly due to the moderate performance of the RMG sector.Bangladesh exports to the USA were US$ 5,846.64 million in fiscal 2016- 17 compared to US$ 6,220.65 million during the previous fiscal 2015-16.

Source: RMG BD