Bangladesh’s apparel exports from July 2022 to September 2022 grew by 13 per cent.

Knitwear exports were up nine per cent. Woven garment exports were up by 18 per cent. Home textile export earnings were up 26 per cent. Specialized textile export earnings rose by 55 per cent. Earnings from special woven fabric exports sustained a 17 per cent growth. Cotton and cotton product (yarn, waste, fabrics etc.) export earnings rose by 74 per cent. Earnings from jute and jute goods exports rose by 15 per cent.

There were early indications of growth slowdown from September onwards. Readymade garment export earnings have slid into the adverse ground after witnessing 13 months of continued robust growth – mainly due to a drop in sales in the main export destinations. From September 2021 to August 2022, garment exports sustained a 30 per cent year-on-year growth. The global retail market is disrupted by many challenges starting from the post Covid container freight and supply chain crisis, raw materials price hike, and the anticipated recession in the global economy which is halting retail sales and the demand for clothing.

So Bangladesh exporters find it difficult to foresee something bright for the final quarter of the year 2022.