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Bangladesh exports up 15% as global demand for garments rebounds

By Syndicated Content By Ruma Paul DHAKA (Reuters) – Bangladesh’s exports jumped 15% to $38.76 billion in the financial year ended June, data showed on Tuesday, led by a rebound in demand for garments as Western economies recovered. The world’s second-largest apparel producer after China took a roughly $6 billion hit in the 2019-20 financial year, with overseas apparel sales falling 18% to $27.94 billion. Garment exports rose 13% to $31.5 billion in 2020/21 from a year earlier, thanks to a 21% surge in overseas sales of knitwear products such as t-shirts and sweaters, but were 7% below the pre-pandemic period of 2018-19 financial year, the Export Promotion Bureau said.

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