CPD RMG Study Stitching a better future for Bangladesh
Published in the Financial Express on 29, May 2017
The country’s ready-made garment (RMG) export to the United States (US) drops during the first quarter (Q1) of the current calendar year.
Statistics available with the US Office of Textile and Apparel (OTEXA) revealed that US import of clothing from Bangladesh dropped to $1.37 billion in January-March period of 2017 which was $1.45 billion in the same period of 2016.
Thus, US clothing import from Bangladesh or Bangladesh clothing export to the US declined by around 6 per cent during the period under review.
At the same time, US import of clothing from the rest of the world declined by around 2 per cent.
Among the top 10 exporters of clothing to the US, export from Vietnam registered a robust 7.21 per cent growth.
Export from Mexico, Nicaragua and El Salvador also registered moderate growth.
On the other hand, exports from China, India, Indonesia, Hondurus and Cambodia declined along with Bangladesh.
