UNB, Dhaka :
The export earnings from the US, the largest export destination for Bangladesh goods, maintained its negative growth during the first seven months (July-January) of the current fiscal (2014-15) with a 2.85 percent fall, mostly due to the poor performance of the RMG sector.
Bangladesh exports to the US totalled $3,204.67 million in the first seven months (July-January) of fiscal 2014-15 compared to $3,298.71 million of the corresponding period of the previous fiscal (2013-14). The amount accounts for 18 percent of the country’s total export earnings during the period.
According to the statistics compiled recently by the Export Promotion Bureau (EPB), the major exports to the US market during the seven-month period were woven garment ($2,210.66 mn), knitwear ($724.97 mn), frozen shrimp ($23.17 mn), home textiles ($73.51 mn) and cap ($26.49 mn).
During the period, around 30.42 percent of the country’s total woven garment exports entered the US market followed by knitwear with 10.10 percent.
Bangladesh’s export earnings from the US in the 2013-14 fiscal were impressive with $5,583.62 million, up from $5,419.60 million fetched in fiscal 2012-13.
The country’s export earnings from the US in fiscal 2011-12 were also satisfactory worth $5,100.91 million, slightly down from $5,107.52 million in fiscal 2010-11.
The export earnings in fiscal 2009-10, however, totalled $3,950.47 million, down from $4,052.00 million in 2008-09, mostly because of the global economic recession.
The 2009-10 fiscal marked the end of an ups-and-down period for Bangladesh exports to the US. From the robust $2.5 billion during the 2000-01 fiscal, exports had fallen below $2 billion by 2003-04.
Exports to the US rose steadily to cross the $3 billion mark in 2005-06, and peaked to nearly $3.6 billion during the 2007-08 fiscal.
The export earnings from the US, the largest export destination for Bangladesh goods, maintained its negative growth during the first seven months (July-January) of the current fiscal (2014-15) with a 2.85 percent fall, mostly due to the poor performance of the RMG sector.
Bangladesh exports to the US totalled $3,204.67 million in the first seven months (July-January) of fiscal 2014-15 compared to $3,298.71 million of the corresponding period of the previous fiscal (2013-14). The amount accounts for 18 percent of the country’s total export earnings during the period.
According to the statistics compiled recently by the Export Promotion Bureau (EPB), the major exports to the US market during the seven-month period were woven garment ($2,210.66 mn), knitwear ($724.97 mn), frozen shrimp ($23.17 mn), home textiles ($73.51 mn) and cap ($26.49 mn).
During the period, around 30.42 percent of the country’s total woven garment exports entered the US market followed by knitwear with 10.10 percent.
Bangladesh’s export earnings from the US in the 2013-14 fiscal were impressive with $5,583.62 million, up from $5,419.60 million fetched in fiscal 2012-13.
The country’s export earnings from the US in fiscal 2011-12 were also satisfactory worth $5,100.91 million, slightly down from $5,107.52 million in fiscal 2010-11.
The export earnings in fiscal 2009-10, however, totalled $3,950.47 million, down from $4,052.00 million in 2008-09, mostly because of the global economic recession.
The 2009-10 fiscal marked the end of an ups-and-down period for Bangladesh exports to the US. From the robust $2.5 billion during the 2000-01 fiscal, exports had fallen below $2 billion by 2003-04.
Exports to the US rose steadily to cross the $3 billion mark in 2005-06, and peaked to nearly $3.6 billion during the 2007-08 fiscal.
