Bangladesh's apparel exports have soared since last year

With the recovery of textile and apparel demand from Europe and the United States, Bangladesh's apparel exports have soared since last year. The exports in 2021 reached 35.8 billion USD, up 30.4% year-on-year and 8.3% from 2019 before the pandemic. Europe and the United States were the main export markets of Bangladesh's apparel, Europe accounting for 60% and the 20% to the United States. Especially, Bangladesh's apparel exports to the United States grew rapidly last year. The latest data showed that Bangladesh's apparel exports in Jan-Feb 2022 were 7.6 billion USD, up 38.4% from the same period last year, of which woven apparel exports were 3.69 billion USD, up 38% from the same period last year and knitted ones were 3.91 billion USD, up 38.8% year-on-year.