Dhaka, Bangladesh (BBN)– Bangladesh’s apparel export earnings increased in July this year by about 26 percent but shipment to the United States fell by 6.5 percent in the month.
The shipment of apparel, which accounts for more than three-fourths of Bangladesh’s export earning, according to the state-run Export Promotion Bureau, increased in July by about 26 percent to $1.47 billion.
Shipment, in terms of value, to the United States in July 2010 declined by about 6.55 per cent compared with the shipment in July 2009, the New Age, a local newspaper, reported quoting Bangladesh Garment Buying House Association officials.
In July, Bangladesh’s apparel shipment to the United States was worth $300 million, which is $21 million less of that in July 2009.
Shipment in terms of volume also declined as the US commerce department in July 2010 recorded apparel import from Bangladesh about 115 million units against 126 million units in July 2009.
In July 2010, US import of apparels and textile products increased by 13 per cent, in terms of volume, to 2.30 billion units and 11.5 per cent, in terms of value, to $6.89 billion dollars.
Shipment of apparel export to the United States declined in several months of 2009 which industry watchers termed a tail impact from recession hitting the US market. But since March 2010, shipment from Bangladesh has rebounded as US importers increased their procurement, the newspaper reported.
BBN/SI/AD-18Sept10-10:41 am (BST)
