Bangladesh apparel exports to US decline

According to Bangladesh’s “Financial Express” report on December 8, the U.S. Department of Commerce’s Office of Textile and Apparel (OTEXA) released a report on Thursday showing that from January to October 2023, the United States imported Clothing was US$67.26 billion, down 22.71% year-on-year, and clothing imports from Bangladesh were US$6.35 billion, down 24.75%. Analysts believe that the main reasons for the decline in U.S. imports from Bangladesh are: First, the U.S. economy has slowed down and demand for clothing has declined. Second, Bangladesh’s supply of natural gas and other energy sources is insufficient, and factories cannot operate at full capacity. </p