According to Bangladesh’s “Financial Express” report on July 3, Bangladesh’s commodity export revenue has maintained strong growth momentum in the just-concluded fiscal year 2021/22, with a year-on-year increase of more than 34% , to US$52.08 billion, among which clothing exports performed particularly well.
According to data from the Export Promotion Bureau of Bangladesh (EPB), Bangladesh’s export revenue in the 2020/21 fiscal year was only US$38.75 billion, and its export revenue increased in the 2021/22 fiscal year. Exceeded the set target by 19.73%.
Since September last year (except for May this year), Bangladesh’s monthly export revenue has exceeded the US$4 billion mark, with only the monthly export revenue in June It increased by 37.29% to US$4.9 billion.
Of the total export revenue of US$52.08 billion, the export revenue of the ready-made garment industry was US$42.62 billion, an increase of 35.47% over the previous fiscal year.
Looking specifically at the apparel industry, RMG’s knitwear revenue from export business was US$23.21 billion, an increase of 36.88%. In the past eight months, the export revenue of woven garments has reached US$19.39 billion, an increase of 33.83%. In addition, in the first 11 months of this fiscal year, home textile exports increased by more than 43%, reaching US$1.62 billion.
