Export to US sees 7.26pc growth in July-Feb of FY 14

Export earnings from the USA, the largest export destination for Bangladesh goods, witnessed a 7.26-per cent growth during the first eight months (July-February) of the current fiscal (2013-14), mostly due to good performance of the RMG sector. Bangladesh exports to USA totalled $ 3,723.49 million in the first eight months (July-Feb) of fiscal 2013-14 compared to $ 3,471.48 million during the corresponding period of the previous fiscal (2012-13). The amount represents 18.78 per cent of the country’s total export earning during the period. According to the statistics compiled recently by the Export Promotion Bureau (EPB), RMG export, including knitwear, to the US amounted to $3,428.37 million during the July-February period of the current fiscal compared to $ 3,186.03 million during the corresponding period of the previous fiscal (2012-13. The RMG items, including knitwear, witnessed a 7.61-per cent growth in the US market, according to a news agency.