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The country’s merchandise export to the United States (US) increased by 2.40 per cent in the past fiscal year, according to the statistics released by Export Promotion Bureau (EPB).

It showed that the export to the US stood at $5.98 billion in FY18, which was $5.84 billion in FY17.

Annual export to the US reached the highest ever level in FY16, when it fetched $6.22 billion.

The export to the US is subject to higher tariffs.

In last year, the average tariff rate Bangladesh faced was 15.2 per cent, the highest among 232 countries, territories and other jurisdictions that export to the US.