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Bangladesh’s apparel export to US drop marginally in 2016
Bangladesh’s apparel export to US drop marginally in 2016

Bangladesh’s apparel export to US drop marginally in 2016

DHAKA: Bangladesh’s apparel export to the United States (US) dropped marginally in the last year, according to the latest statistics of the Office of Textile and Apparel.

It showed that the value of apparel import from Bangladesh by the US stood at US $ 5.30 billion in 2016 which was $5.40 billion in 2015. Thus, Bangladesh’s apparel exports to the US declined by 1.8 per cent in the last year. In fact, except Vietnam, all the top-10 apparel exporting countries faced downward trend in export last year.

Apparel export from Vietnam registered a modest 2.3 per cent growth in 2016. Export from China, the top apparel source of the US, declined by 8.38 per cent.

Indonesia, the fourth largest apparel exporter to the US market, faced 4.68 per cent decline followed by Honduras which faced 4.47 per cent drop in apparel export.

Export from India declined marginally by 0.69 per cent while Cambodia faced 13.63 per cent decline during the period under review.

Exports from Mexico, El Salvador and Pakistan also declined by 4.36 per cent, 0.44 per cent and 11.93 per cent accordingly in 2016.