Bangladesh’s garment exports to the USA, its largest export destination, declined by 14.44% year-on-year to $2.3 billion in the January-April period of this year. Similarly, the combined export of textile and garment to the USA fell by 14.15% to $2.38 billion, according to data from the Office of Textiles and Apparel (OTEXA), under the US Department of Commerce.
Exporters attribute this decline to American clothing retailers and brands reducing imports due to high inflationary pressure on consumers, which has been affecting shipments from Bangladesh for several months.
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