Shrugging off the 40-year high record inflation in the United States and European countries prompted by the Russia-Ukraine war, Bangladesh's apparel exports grew by 50 per cent to $3.52 billion in the first 27 days of June,
The sector also enjoyed an over 1,200 per cent growth year-on-year in a single day during the period, but the shipment declined by 39 per cent year-on-year on three days export of the 27 days, said Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
The BGMEA calculated the exports on the basis of the data provided by National Board of Revenue data
In July-May of FY22, readymade garment shipments grew by 35 per cent to $38.52 billion compared to the same period last year, according to data published by the EPB.
Faruque Hassan, President, BGMEA informed, huge orders were booked with the trend expected to continue in the next two months. However, the next year would be tough due to global inflation and recession as some buyers with good inventory would be careful in placing new orders, he warned.