According to official data, Bangladesh’s exports increased by more than 34% to $52.08 billion in the fiscal year 2021–2022 (July 2021–June 2022).
The Export Promotion Bureau (EPB), which is part of the Ministry of Commerce, revealed data on Sunday showing that Bangladesh had the highest export earnings during the fiscal year 2021–2022, with strong income growth in the final months.
The EPB reported that exports “reached $52,082.66 million in the fiscal year 2021–22, setting a new record.”
The country’s overall export earnings in the previous fiscal year exceeded the target of $43.50 billion, according to Xinhua news agency, with $4.91 billion in export earnings in June, an increase of 37.19% over the same period a year ago.
In the fiscal year 2020–21 (July 2020–June 2021), Bangladesh’s export revenue was estimated at $38.76 billion.
As usual, the demand for ready-made clothing was largely responsible for the growth in the 2021–22 fiscal year.
According to the EPB, Bangladesh’s exports of clothing, which have accounted for more than three-fourths of the nation’s annual incomes since the start of this decade, increased to $42.61 billion in the 2021–22 fiscal year.
Knitwear exports increased 36.88% year over year to $23.21 billion, while woven exports increased 33.82% to $19.40 billion.
The EPB data revealed that many other conventional export goods, such as frozen foods, home textiles, leather and leather products, and footwear, also did well during the cited period.