According to statistics from the Export Promotion Bureau of the Government of Bangladesh, RMG exports were up 13.4% in the period from July to September to US$10.27bn from $9.06bn a year earlier.
The figure beat Bangladesh’s export target of $10.02bn for the quarter.
Go deeper with GlobalData
Knitwear exports, meanwhile, were up 9.4% to reach $5.65bn from $5.16bn, beating a target of $5.5bn. Exports of woven garments jumped nearly 19% to reach $4.62bn from $3.9bn a year earlier.
Leather and leather product exports experienced growth of 20.9% in the quarter, earning $328m in exports from $271.3m in the year-ago period.
According to the latest data from the US Office of Textiles and Apparel (OTEXA), Bangladesh recorded the largest increase in apparel imports to the US in August. Shipments were up 21.4% to 269 MM2.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn recent years, Bangladesh has increased its focus and investment on product diversification, innovation, technology upgradation and skills development in a bid to enhance its capabilities and competitiveness in the global market.
The country, which is expected to graduate from Least Developed Country (LDC) status in 2024, has seen a decline in poverty levels, stable inflation, moderate public debt, and a greater resilience to external shocks, including the pandemic, which saw many garment factories close during lockdowns.
