For the second quarter value addition in Bangladesh’s export-oriented readymade garment products grew by 62 per cent over the first quarter and by 37 per cent year on year.

The import value of raw materials –raw cotton, synthetic/viscose fiber, synthetic/mixed yarn, cotton yarn and fabrics and accessories—in the second quarter comprised 32 per cent of total readymade garment export earnings.

The value addition in the readymade garment industry improved in the second quarter by 11 per cent over the first quarter and by ten per cent year on year. Total export earnings from readymade garments in the second quarter were 23 per cent and 17 per cent higher than that of the previous quarter and the same quarter of last year respectively.

During the first quarter the United States, Germany, the United Kingdom, Spain, France, Netherlands, Italy, Canada and Belgium were the top destinations for Bangladesh’s readymade garment exports.Bangladesh's apparel exports to the European Union during the first six months of the current fiscal year 2022-23 increased by 16 per cent compared to the same period of fiscal year 2021-22. Apparel exports to Germany grew by three per cent. Exports to Spain and France grew by 17 per cent and 33 per cent during the first six months of the current fiscal year.