Export to US falls 1.73 percent in Q1

Dhaka, Bangladesh (BBN) – Country’s export earnings from the USA witnessed a 1.73 percent fall during the first quarter (Q1) of this fiscal year mostly because of the negative growth from apparel, officials said.

Bangladesh received US$1.232 billion as export earnings from the United Stats in the July-September period of the current fiscal as against $1.253 billion in the corresponding period of the previous fiscal, according to official figures.

The major exports to the US market during the period were woven garment ($854.75 million), knitwear ($284.03 million), frozen shrimp ($11.12 million), cap ($6.74 million) and home textiles ($33.84 million).

During the period, around 38.25 percent of the country’s total woven garment exports entered the US market, followed by knitwear 11.01 percent and frozen shrimp 7.42 per cent, according to reports.

BBN/SSR/AD-17Nov11-1:42 pm (BST) 

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