Significant unrest in July resulted from a nationwide anti-discrimination campaign and large-scale student protest, which disrupted export operations and stopped shipments. Remarkably, data from the Bangladesh Bank showed a 2.91 per cent growth in national exports despite the volatility of the month.
Export Data for July 2024 (Source Bangladesh Bank)
| Overall | US $ 3.82 billion (+2.91 per cent) |
| Apparel | US $ 3.17 billion (+2.59 per cent) |
| Knit | US $ 1.72 billion (+2.05 per cent) |
| Woven | US $ 1.45 billion (+3.94 per cent) |
| Home Textile | US $ 54.5 million (+4.21 per cent) |
Bangladesh Bank published its August report, Major Economic Indicators: Monthly Update, on Sunday, 22nd September. In July 2023, Bangladesh’s exports to the international market were valued at US $ 3.72 billion, while in the same month the previous year, they were valued at US $ 3.71 billion.
According to the survey, clothing made up the majority of July’s exports. Knitted clothing has an export value of US $ 1.72 billion in this business. In July of the previous year, the value of the exports was US $ 1.69 billion USD. This suggests that in July of this year, exports of knitted garments increased by 2.05 per cent.
In July of this year, the ready-made garment sector’s export value of woven clothing was US $ 1.45 billion, up from US $ 1.40 billion in the same month the previous year. This indicates that the woven sector’s exports have increased by 3.94 per cent.
In July, home textiles were the third most exported goods in the textile industry. Exports from this industry have grown by 4.21 per cent. Hometextile exports were valued at US $ 52.3 million in July 2023. Home textiles valued at US $ 54.5 million were exported in the same month of this year.
Despite the fact that the parties involved contend this information is not trustworthy. They continue to account for the fact that production was suspended in July of last year due to the Eid holiday in order to verify its legitimacy.
