Apparel exports keep rising, no Omicron effects yet | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
June 16, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JUNE 16, 2025
Apparel exports keep rising, no Omicron effects yet

RMG

Jasim Uddin
12 January, 2022, 03:00 pm
Last modified: 12 January, 2022, 06:23 pm

Related News

  • 4 including doctor tested positive for new variant of Covid-19 in Cumilla
  • Health alert issued at Mongla Port to prevent Covid spread
  • Bangladesh records 2 Covid-related deaths, 15 new cases in 24 hours
  • 10 more Covid-19 cases reported in country
  • Chattogram prepares hospitals amid rise in Covid cases

Apparel exports keep rising, no Omicron effects yet

Industry insiders say retailers in the two major destinations continue to witness high footfalls even in the post-Christmas lean period as consumers have kept on releasing pent-up demand for clothing

Jasim Uddin
12 January, 2022, 03:00 pm
Last modified: 12 January, 2022, 06:23 pm
File photo. Picture: TBS
File photo. Picture: TBS

Apparel makers are optimistic that the export growth trajectory they are currently experiencing will sustain for at least the next few months despite the Omicron wave in European and United States markets, with new orders continuing to flow in. 

Industry insiders say retailers in the two major destinations continue to witness high footfalls even in the post-Christmas lean period as consumers have kept on releasing pent-up demand for clothing. The retailers are also getting 5%-6% higher prices because of increasing freight costs, they add.

In the first seven days of 2022, apparel shipments registered around 32% in growth, to a little over $869 million year-on-year, according to sources at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), citing data from the National Board of Revenue.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The Export Promotion Bureau (EPB) is yet to make an official announcement in this regard.

Receipts in 2021 and 2020 amounted to $659 million and $677 million respectively, according to the BGMEA.

BGMEA President Faruque Hassan told The Business Standard, "We are now receiving a good number of work orders from buyers in the lean period following Christmas sales."

Generally, every year the period from 15 December to 15 January goes by as a lean period owing to Christmas vacations. 

"We will be able to describe in detail about if there are any effects of Omicron on our export orders after the end of this month," he said, adding that no exporters have faced any cancellation or hold-up of orders yet.

Expressing similar views, Fazlul Hoque, former president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), said, "The new variant of Covid-19 will not have any impact on our exports until lockdowns and business shutdowns are enforced in our export destinations."

During the recent Christmas season, apparel sales were very good, a trend which continues, he noted.

After having gone through a long downturn, apparel exports bounced back on a positive trend in August last year, with the global Covid-19 situation beginning to retreat. The garment sector maintained around 28% year-on-year export growth on average in the first six months of the current fiscal year.

According to provisional data from the Export Promotion Bureau (EPB), December 2021 ended with $4.04 billion worth of readymade garment exports, while the half-yearly export in July-December of the current fiscal year reached $19.90 billion.

Knitwear exports saw 56.57% growth in December, while exports of woven garments increased by over 48%, marking a positive turn in all key clothing export categories, as the breakdown of garment export shows.

Faruque Hassan said apparel export has been posting a higher growth for the past few months compared to FY21, which went through Covid devastation across the globe. 

He hoped apparel exports would be able to bring in another $7-$8 billion by the end of this fiscal year.

Bangladesh / Economy / Top News

Apparel exports / Omicron variant / COVID-19

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • A drone photo shows the damage over residential homes and a school at the impact site following a missile attack from Iran on Israel, in Bnei Brak, Israel June 16, 2025. REUTERS/Chen Kalifa
    Destruction mounts as Iran's missile strikes devastate central Israel
  • ACC Chairman Mohammad Abdul Momen at a press briefing on 16 June 2025. Photo: TBS
    If Tulip is innocent, why did she resign from UK ministerial post? ACC chairman asks
  • Former Bangladesh High Commissioner to the UK Saida Muna Tasneem. Photo: Collected
    ACC launches inquiry against ex-UK envoy Saida Muna, husband over laundering Tk2,000cr

MOST VIEWED

  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Merger of 5 Islamic banks at final stage: BB governor
  • UCB launches Bangladesh's first microservices-based open API banking platform
    UCB launches Bangladesh's first microservices-based open API banking platform
  • Photo: Collected
    Pakistan rejects reports of missile supply to Iran
  • Infographic: TBS
    Non-performing loans surge by Tk74,570cr in Q1 as hidden rot exposed
  • Crore-taka bank accounts edge down by 719 in March quarter
    Crore-taka bank accounts edge down by 719 in March quarter
  • Nepal begins 38MW hydropower export to Bangladesh
    Nepal begins 38MW hydropower export to Bangladesh

Related News

  • 4 including doctor tested positive for new variant of Covid-19 in Cumilla
  • Health alert issued at Mongla Port to prevent Covid spread
  • Bangladesh records 2 Covid-related deaths, 15 new cases in 24 hours
  • 10 more Covid-19 cases reported in country
  • Chattogram prepares hospitals amid rise in Covid cases

Features

The GLS600 overall has a curvaceous nature, with seamless blends across every panel. PHOTO: Arfin Kazi

Mercedes Maybach GLS600: Definitive Luxury

7h | Wheels
Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

1d | Panorama
Photos: Collected

Kurtis that make a great office wear

3d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

5d | Panorama

More Videos from TBS

How powerful is the Israeli intelligence network?

How powerful is the Israeli intelligence network?

1h | TBS World
Advisor involved in corruption by appointing city corporation administrator: Ishraq

Advisor involved in corruption by appointing city corporation administrator: Ishraq

1h | TBS Today
MI6 appoints first female chief in 116-year history

MI6 appoints first female chief in 116-year history

2h | TBS World
ICT orders newspapers ads summoning Hasina to appear before tribunal on 24 June

ICT orders newspapers ads summoning Hasina to appear before tribunal on 24 June

4h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net