This has been confirmed by the data received from the Office of Textiles and Apparel (OTEXA) under the US Department of Commerce, in which garment exports from Bangladesh to the US has been recorded at US$ 5.40 billion during 2015, registering an 11.74 per cent growth over the previous year. Its export to the US fell to US$4.83 billion in 2014 from $4.94 billion in 2013. For Bangladesh, the US continues to remain the largest export destination for its apparel goods.
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Meanwhile, Vietnam noticed a growth of 13.97 per cent to US$10.56 billion, while other countries like India and Sri Lanka registered a growth of 7.78 per cent and 15.82 per cent, with earnings worth US$ 3.36 billion and US $2.03 billion respectively in the past year. Indonesia exported apparel worth US$4.93 billion, recording a 2.17 per cent growth. Export from China grew by 2.51 per cent to US$ 30.54 billion during the same period from US $ 29.79 billion in 2014.
In an another development, the Ethiopian Textile Industry Development Institute (EDITI) has said that textile and apparel exports from Ethiopia for the first six months of the Ethiopian fiscal year 2015-16 have missed its plan target. During evaluation of the textile industry’s performance for the first half of the 2015-16 fiscal, EDITI said that the target was to obtain US$60.07 million, whereas it managed to achieve only US$41.1 million, which is only 70 per cent of the plan target.