Bangladesh’s export earnings from home textiles in FY22 (ending June 30) increased by 43.28 per cent to $1.62 billion from $1.13 billion in FY21, as per the country’s Export Promotion Bureau data. In the financial year 2020-21, home textiles export posted the highest growth of 49.17 per cent, surpassing earnings of $1 billion dollar for the first time.
Bangladesh’s home textiles exports to the US – a major importer – increased in 2020 when COVID-19 disrupted the entire world. US import from Bangladesh increased to $240.658 million in 2020 from $205.320 million in 2019. The import further increased to $310.803 million in 2021. The import was $159.572 million in the first five months of this year, according to Fibre2Fashion’s market insight tool TexPro.
ALCHEMPro News Desk (KUL)
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