Bangladesh's apparel exports to USA in January-February register dismal growth

Shipment of 'Made in Bangladesh' apparel to the USA registered 2.49 per cent growth (US $ 1.46 billion) in January-February of 2023, thanks to a decline in overall demand for apparel on account of the economic slowdown caused by the ongoing war between Russia and Ukraine.

Media reports underlined this citing data from the US Department of Commerce's Office of Textiles and Apparel (OTEXA).

Meanwhile, speaking to the media, BGMEA President Faruque Hassan maintained Bangladesh's apparel exports to USA registered minimal growth in January-February of 2023 while underlining global economy was going through turmoil owing to geopolitical reasons even as he opined countries in the west were facing high inflation and high interest rates owing to the war between Russia and Ukraine

Interacting with media, apparel exporters in Bangladesh reportedly stated export orders from the US had started going down since September 2022, which was reflected in the data from the OTEXA.