Why rise in COVID-19 cases did not affect Bangladesh's RMG sector?

Also, the country will see a rise in exports as world economies slowly recover from the impact of the pandemic.

In marketing year (MY) 2020-21 (July to June), Bangladesh’s RMG exports showed a decent surge as the government supported the industry which contributes significantly to the nation’s economy.

Woven RMG exports of Bangladesh went from $14.04 billion in MY 2019-20 to $14.40 billion in MY 2020-21, recording a rise of 2.56 per cent. They are expected to rise further by 8.35 per cent to a monthly average of $1.30 billion in the first half of MY 2021-22 over the monthly average of $1.20 billion in MY 2020-21, according to Fibre2Fashion’s market analysis tool TexPro.

Knit RMG exports of Bangladesh were $13.91 billion with a monthly average of $1.16 billion in MY 2019-20, which increased substantially by 20.50 per cent to $16.76 billion in MY 2020-21. They are anticipated to shoot up by 11.06 per cent to a monthly average of $1.55 billion in the first half MY 2021-22 over the monthly average of $1.40 billion in MY 2020-21.

ALCHEMPro News Desk (KD)