No surprises as exports to the US tumble in 2020 - News Summed Up

No surprises as exports to the US tumble in 2020


On top of that, the demand for woven products was less as people worked from home and they dressed casually, he added. Bangladesh’s exports to the US market are driven by woven products, said Faruque Hassan, managing director of Giant Group, told Dhaka Tribune. In addition, the production of woven products was hampered due to supply chain disruption during the first phase of covid. Bangladesh imports fabrics for woven products mostly from China, he added. However, experts as well as the manufacturers also blamed the longer lead time and the sharp negative growth in woven products for the downtrend in exports to the US.


Source: Dhaka Tribune January 07, 2021 18:56 UTC



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