The apparel sector continues to be the backbone of Bangladesh's export earnings

The apparel sector continues to be the backbone of Bangladesh's export earnings. In the first eight months of the 2022-23 fiscal year (July-Feb), the country's ready-made garment (RMG) exports increased by 14.06 per cent to $31.36 billion, compared to $27.50 billion in the same period of the previous fiscal year, according to recent data released by the country’s Export Promotion Bureau (EPB). These earnings make up 84.58 per cent of Bangladesh's total exports of $37.08 billion, with woven RMG exports growing at a faster pace than knitwear.