Bangladesh’s earnings from apparel exports to the United States dived by 24.75 per cent Y-o-Y to $6.35 billion during the January-October 2023 period from $8.44 billion during the January-to-October period last calendar year.

Bangladesh’s RMG exports to the US during this period dropped by 29.52 per cent Y-o-Y, as per data from OTEXA. .Bangladesh exported 1.94 billion sq m of garments as against 2.76 sq m exported last year. 

Overall US imports of apparel from the world during January-October 2023 declined 22.71 per cent to $67.26 billion compared to $87.03 billion in the same period of 2022, data showed.

In October particularly, Bangladesh’s apparel exports to the US fell by 36.50 per cent to $578 million as against apparels worth $910.72 exported during the same month last year.