** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Footwear export to the US rose by 64pc in 2022

28 March 2023

Business Report :
Bangladesh's footwear exports to the United States increased by 64.40% to $451.40 million last year, against $274.58 million in 2021 as US buyers were relocating their sourcing from China and Vietnam.
Local exporters hoped that the US would be the bigger market than the European Union for Bangladeshi footwear in the coming days thanks to the diversion of export orders from China.
They also said that US buyers were going for country-of-origin diversification and Bangladesh, India, Indonesia and Cambodia were getting the benefit of increased orders for the footwear.
According to the US Department of Commerce data, Bangladesh's leather footwear exports in 2022 to the US market also grew by 63.25% to $406.49 million from that of $249 million in the past year.
The total US imports of footwear from the world in 2022 increased by 32.51% to $33.43 billion compared with that of $25.23 billion in 2021, the data showed.
The import of footwear by the US from China in 2022 grew by 23% to $12.15 billion from $9.88 billion in 2021.
Footwear imports by the US from Vietnam in 2022 increased by 41.19% to $10.48 billion from $7.42 billion in the past year.
India's footwear exports to the US market grew by 64.19% to $745.03 million in 2022, the data showed.

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