Business

Bangladesh's Apparel Exports Performed Well In June

The latest data shows that Bangladesh's apparel exports in June 2022 were UD$ 4092 million, up 41.4% year-on-year and 29.6% month-on-month, respectively. In the first half of 2022, exports rose by 42.7% year-on-year and increased by 33.2% compared to the same period of 2019. Bangladesh's home textile exports moved up by 65.2% year-on-year to US$ 155 million, up 14% month-on-month and up 204.2% compared to the same period of 2019. From July 2021 to May 2022, the European Union was the most important destination for Bangladesh's apparel exports, accounting for over 50%, followed by the United States, accounting for 21.1%, and the United Kingdom, accounting for about 10%, while Canada was relatively small, only 3.1%. The above four markets accounted for 85% of Bangladesh's apparel exports. In terms of export growth, Bangladesh's apparel exports to the United States grew the fastest, by more than 50%, followed by EU and UK.