Bangladesh's RMG export to US rises 51pc

[Homo Sapiens]

Bangladesh's RMG export to US rises 51pc​

Published: December 04, 2022 20:33:45 | Updated: December 05, 2022 08:56:48

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The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year.

According to the latest statistics from the Office of Textiles and Apparel of the United States, the import of RMG items by the USA from different countries of the world also increased by 34.61 per cent during this nine-month period.

Bangladesh has been able to maintain its position as the 3rd largest RMG sourcing country for the USA with a share of 8.54 per cent, reports BSS.

Director of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Mohiuddin Rubel said that the interest of USA buyers in procuring RMG items from Bangladesh has increased in recent times due to the various initiatives of the government and the entrepreneur during the Covid-19 period alongside the improved compliance situation in Bangladesh.
Besides, the USA has also reduced its import of apparel from China which has also come as a blessing for Bangladesh.
According to official data, China is currently the largest source of apparel items for the USA with a share of 22.48 per cent followed by Vietnam in the 2nd position having a market share of 18.51 per cent.

The USA also imports RMG items from Indonesia, India, Cambodia, Pakistan and South Korea.

Bangladesh's RMG export to US rises 51pc

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year. According to the latest statistics from the Office of Textiles and Apparel of the United St

thefinancialexpress.com.bd

 

[Homo Sapiens]

Bangladesh’s apparel exports to EU witness highest growth during January-August​

by Apparel Resources News-Desk 05-December-2022 | 1 min read
Image Courtesy: https://assets.weforum.org

Bangladesh’s apparel export to its major destinations of the European Union (EU), has witnessed the highest growth among all the top exporter countries during January-August this year.
This is as per reports, which cited data from the EUROSTAT (the statistical office of the EU), in this regard.

Reports citing the EUROSTAT maintained the EU imported apparel worth US $ 67.18 billion from around the world, including US $ 15.37 billion from Bangladesh during the first eight months of 2022 even if Bangladesh remained the second largest apparel import source for Europe with a 22.89 per cent share of the EU’s total apparel import.

Reports further added EU’s apparel import from Bangladesh increased by 45.26 per cent during the first eight months of 2022 compared to the same period of the previous year even if China, the top apparel import source for the EU, had 28.06 per cent share, registering 26.59 per cent year-on-year growth.

Bangladesh’s apparel exports to EU witness highest growth during January-August | Trade Data News Bangladesh

Apparel exports from Bangladesh to EU witness highest growth during January-August, as per reports.

apparelresources.com

 

[BananaRepublicUK]

Bangladesh's RMG export to US rises 51pc​

Published: December 04, 2022 20:33:45 | Updated: December 05, 2022 08:56:48

---

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year.

According to the latest statistics from the Office of Textiles and Apparel of the United States, the import of RMG items by the USA from different countries of the world also increased by 34.61 per cent during this nine-month period.

Bangladesh has been able to maintain its position as the 3rd largest RMG sourcing country for the USA with a share of 8.54 per cent, reports BSS.

Director of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Mohiuddin Rubel said that the interest of USA buyers in procuring RMG items from Bangladesh has increased in recent times due to the various initiatives of the government and the entrepreneur during the Covid-19 period alongside the improved compliance situation in Bangladesh.
Besides, the USA has also reduced its import of apparel from China which has also come as a blessing for Bangladesh.
According to official data, China is currently the largest source of apparel items for the USA with a share of 22.48 per cent followed by Vietnam in the 2nd position having a market share of 18.51 per cent.

The USA also imports RMG items from Indonesia, India, Cambodia, Pakistan and South Korea.

Bangladesh's RMG export to US rises 51pc

The USA has imported RMG items worth $7.55 billions from Bangladesh during the January-September period of the current year which is around 51 per cent higher compared to the same period of last year. According to the latest statistics from the Office of Textiles and Apparel of the United St

thefinancialexpress.com.bd

I thought we couldn’t compete without GSP privileges

 

[bluesky]

I believe the appreciation of Taka against the dollar must have substantially helped the BD exports to both EU and the US.