National, Front Page

RMG exports grow by 28pc in six months

Published : 15 Jan 2022 10:44 PM

In the first six months of the 2021-22 fiscal year (July-December), Bangladesh exported readymade garments worth 19900.7 million dollars, which was 15545.57 million dollars in the same period of the previous year.

As a result, the export growth has increased by 28 percent in six months, according to the information of Export Promotion Bureau (EPB).

According to EPB, the United States was the largest importer of Bangladesh’s readymade garments during this period.

Bangladesh's garment exports to the United States grew by about 46 percent in the last six months of the outgoing year, compared to that in the same period last year.

During July-December, garment exports to the US market stood at 4,231,605,000 dollars, up from 2,900,008,000 dollars in the same period last year. The growth has increased to 45.91 percent.

Exports to the European Union and Canada also witnessed a growth of 23.83 percent and 23.78 percent respectively.

Regarding this growth, Mohiuddin Rubel, director of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), told the media, “Bangladesh's garment exports to major markets are showing signs of transformation. This is the result of the decision to keep the garment factories open during the pandemic.”

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