Thanks to rising demand for apparels globally, import of basic raw materials used to produce apparel items in Bangladesh increased in the first six months of 2022.
Media reports maintained this adding this even led to dollar crisis Bangladesh is facing currently.
Reports further added imports of yarn, cotton, knitted and woven fabrics skyrocketed so much that their combined value in the January-June period of 2022 almost equalled that of the whole of last year even if according to data from Bangladesh Textile Mills Association (BTMA), textile millers in Bangladesh purchased yarn worth US $ 2.66 billion in January-June, accounting for 76 per cent of the total import value of US $ 3.5 billion in the previous year.
Further, US $ 2.21 billion worth of woven fabrics was imported in the first half of this year, representing nearly 70 per cent of the item procured in 2021, while the country’s knitters, reportedly, bought fabrics worth US $ 1.29 billion in the first half of 2022 from international sources, which is more than three-fifth of the US $ 2 billion spent in 2021.
Bharat Tex Special Report 2026 
