With domestic demand increasing, Bangladesh cotton imports from the US may increase 43 per cent Y-o-Y to one million bales in 2022-23, says US Department of Agriculture's Foreign Agricultural Service (USDA). Bangladesh’s overall cotton imports may increase by 2.3 per cent Y-o-Y to 8.9 million bales. Imports from India may grow to 29 per cent share in 2021. This will be followed by Brazil, Benin, and US.

Producer of minimum quantity of cotton, Bangladesh imports all its cotton needs from abroad. Cotton consumption is expected to rise 3.3 per cent Y-o-Y to 9.3 million bales of 480 lbs each. In CY 2021, Bangladesh's ready-made garment exports reached a record high of $35.8 billion, becoming second-largest exporter after China.