• Thursday, Oct 01, 2020
  • Last Update : 01:57 am

Export to US sees 2.64% growth in July-April

  • Published at 05:36 pm July 9th, 2018

The amount represents 16.19% of the country’s total export earnings during that period

Export earnings from the United States, one of Bangladesh’s key destinations, witnessed 2.64% growth in the first 10 months (July-April) of the fiscal year 2017-18, compared to the corresponding period of FY2016-17, due to good performance of the readymade garments (RMG) sector.

Bangladesh exports to the US totalled $4923.65 million in July-April of FY2017-18, and the amount was $4796.84 million in the same period in FY2016-17.

The amount represents 16.19% of the country’s total export earnings during that period.

According to Export Promotion Bureau (EPB) data, the major exports to the US market during the July-April period were woven garment ($3,254.31 million), knitwear ($1133.40 million), home textiles ($157.77 million) and cap ($105.68 million).

During the period, around 25.49% of the country’s total woven garment exports entered the US market, followed by knitwear (9.04%) and home textile (18.29%).

Despite political unrest, Bangladesh’s export earnings from the US in FY2014-15 were impressive with $5.783 billion, up from $5.583 billion in FY2013-14.

Export earnings from the US, however, had witnessed a 6.01% fall in FY2016-17 compared to FY2015-16 mostly due to the moderate performance of the RMG sector.

Bangladesh exports to the US were $5,846.64 million in FY2016-17, compared to $6,220.65 million during FY2015-16.

The exports in FY2012-13 were also impressive with $5,419.60 million.

The exports in FY2011-12 were also laudable totalling $5,100.91 million, slightly down from $5,107.52 million in FY2010-11.

The export earnings in FY2009-10, however, totalled $3,950.47 million, down from $4,052.00 million in FY2008-09, mostly because of global economic meltdown.

FY2009-10 had marked the end of an ups-and-downs period for Bangladesh exports to the US.

From the robust $2.5 billion during FY2000-01, exports had fallen below $2 billion by FY2003-04.

Exports to the US rose steadily to cross the $3 billion mark in FY2005-06, and peaked at nearly $3.6 billion during FY2007-08.

blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail