In November 2023, Bangladesh witnessed a 27per cent month-on-month surge in earnings from apparel exports, reaching $4.05 billion compared to $3.16 billion in October 2023. However, on a year-on-year basis, there was a decline from $4.38 billion in November 2022.

For the July-November 2023-24 period, Bangladesh's Ready-Made Garment (RMG) exports dropped 2.75per cent year-on-year, from $18.83 billion to $18.33 billion.

Specifically in November, the country experienced a 7.45per cent decline in apparel exports, attributed to decreases in both woven and knitwear garments. Knitwear exports during the five-month period grew by 8.66per cent year-on-year to $10.98 billion, while woven garment exports declined by 4.52per cent year-on-year to $7.84 billion.

In November 2023, exports of woven garments saw a significant decline of 12.59per cent, while knitwear garment exports dipped by 3.18per cent.