Bangladesh aims to increase in apparel export earnings by 10.30 per cent this year to $47 billion.

Of the total target, earnings from knitwear exports are projected to rise by 10.28 per cent to $25.60 billion. While $21.40 billion will come from woven products, and the expected growth rate is 10.32 per cent.

Meanwhile, government also has set total export target at $58 billion from merchandise and $ 9 billion from services. In FY22, Bangladesh’s export earnings rose by 34.38 per cent to $52 billion, of which 42.61 billion came from the RMG sector.

In FY22, export earnings from RMG products rose sharply by 35.47 per cent to $42.61 billion, which was $31.45 billion in the previous year. Of the $42.61 billion, knitwear products fetched $23.21 billion, up by 36.88 per cent from last fiscal year’s $19.91 billion, while woven items earned $19.49 billion, registering a 33.82 per cent growth.