Bangladesh’s apparel export to USA in July registered 22.1 per cent growth compared with that of the same month of last year, which is lowest in the past seven months of the current year.
Media reports claimed this citing the latest US Department of Commerce’s Office of Textiles and Apparel (OTEXA) data while underlining growth rate of the country’s (Bangladesh’s) apparel exports to US dropped sharply in July consequent to the buyers decreasing orders.
Reports further added Bangladesh’s single-month garment export earnings from USA this July grew by US $ 125.44 million to US $ 693.28 million from what was US $ 567.84 million in the same month of 2021 even if as per OTEXA data the monthly export growth in June was 66.20 per cent, 38.59 in May, 74.34 in April, 96.09 in March, 43.17 in February and 45.48 in January.
Meanwhile, speaking to the media, Managing Director of Rising Group, Mahmud Hasan Khan Babu, reportedly, expressed apprehensions ‘apparel export growth to the US market will decrease in the coming months amidst recession fears’.
