Home RMG Good News Exports to US grew by 2.23pc in July-May

Exports to US grew by 2.23pc in July-May

Export earnings from the USA, the largest export destination for Bangladesh goods, witnessed a 2.23 per cent growth during the first 11 months (July-May) of the last fiscal (2014-15), mostly due to good performance of the ready-made garment (RMG) sector Bangladesh exports to the USA totalled $5,197.57 million in the first 11 months (July-May) of the fiscal 2014-15 compared to $5,084.07 million during the corresponding period of the previous fiscal (2013-14) The amount represents 18.47 per cent of the country’s total export earning during the period. According to the statistics compiled recently by the Export Promotion Bureau (EPB), the major exports to the US market during the period were woven garment ($3,572.74 million), knitwear ($1170.62 million), frozen shrimp ($34.04 million), home textiles ($150.16 million) and cap ($44.23 million). During the period, around 30.39 per cent of the country’s total woven garment exports entered the US market, followed by knitwear 10.48 per cent.