Bangladesh’s apparel exports to the US grew in terms of both value and volume during the first quarter of 2022.
Bangladesh’s RMG exports to the US surged by 62.23 per cent Y-o-Y to $2.47 billion during Q1FY’22, according to OTEXA, an affiliate of the US Department of Commerce.
The country's apparel exports also sustained a 50.12 per cent growth in terms of volume to 909.25 million square metres during January to March, up from 605.68 million square metres during the corresponding period of 2021.
Despite the COVID-19 pandemic, Bangladesh exports apparels worth $7.14 billion to the US in 2021, keeping the market as its single-largest destination without any duty preference.
The 2021 RMG exports also surpassed those of the pre-pandemic level in 2019, when Bangladesh earned $5.92 billion.