Bangladesh’s apparel exports in November 2022 were 26 per cent higher than the same month a year ago. The country’s total exports in the first five months of the current 2022-2023 fiscal year were up 10 per cent year on year. Of the total earnings, the country's income from readymade knitwear and woven garments surged 15 per cent.

Bangladesh saw exports soar more than 34 per cent in the 2021-22 fiscal year. Bangladesh’s readymade garment exports to non-traditional markets grew by 24 per cent from July 2022 to October 2022. Of the total amount, export revenue from woven products grew by 29 per cent. Earnings from knitwear goods were up by 19 per cent. From July 2022 to October 2022 apparel exports to Japan rose by 26 per cent. Exports to India rose by 55 per cent. Garment exports to Australia grew by eight per cent.

Apparel exports to South Korea saw a 40 per cent growth. Apparel export earnings to Mexico grew by 46 per cent. Bangladesh is exploring new destinations to make the garment sector sustainable. Exports to non-traditional markets have grown from less than a billion dollars to five billion dollars in the last 12 years.