Bangladesh’s RMG exports have valued US $ 42.61 billion in FY ’22 – its highest ever, as per EPB’s data.
The growth has been phenomenal in FY ’22 as Bangladesh witnessed a surge of 35.47 per cent over FY ’21.
The beginning of FY ’22 was disappointing as Bangladesh’s RMG exports declined by 11 per cent in July ’22 on Y-o-Y basis, but the country never looked back after that and export earnings from RMG averaged US $ 3.61 billion from August ’21 till June ’22.
The exports to the EU valued US $ 21.40 billion (up 33.87 per cent), while the US market contributed US $ 9 billion (up 51.57 per cent) to the total RMG export earnings of Bangladesh in FY ’22.
Not just FY ’22, Bangladesh has also witnessed record high apparel export revenues US $ 35.81 billion in CY ’21, while in first six-month period of CY ’22, the country has clocked US $ 22.70 billion in its apparel exports, noting 42.85 per cent Y-o-Y surge.
