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RMG export sees 22.97% growth in November

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Desk Report: According to the recent data by the Export Promotion Bureau (EPB), Bangladesh export earnings registered a 31.26% year-on-year growth to $4.04 billion in November of the current FY 2021-22.The export earnings saw a 24.29% year-on-year growth to $19.8 billion in the first 5 months (July-November) of the FY22.

EPB data showed , the  July-November period of FY22, the RMG sector registered a growth of 22.97%, compared to the same period of the last yearnFor the month of November 2021, the export of RMG increased by 32.34%, where knitwear maintained the growth of 33.05% and the woven sector 31.48%.

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Bangladesh exported apparel items worth $3.24 billion, which was $2.44 billion in November 2020.According to industry insider, a pparel export value accommodated the inflation of input cost as the price of the raw materials including textile, dyes and chemicals has gone up with a big jump in freight cost, they explained.

However, looking at the bigger picture, it seems that the recovery from the pandemic is yet to see solid progress. The new variants are emerging and the global economy is witnessing immediate shock,they added