State of the Bangladesh Economy in FY2021-22
Independent Review of
RBD
Bangladesh's Development
Analysis of External Sector Performance
In the US market, the 23.8% growth in export earnings during Jul-Oct
2021 was mostly driven of volume, which rose by 19.8%; in contrast, the
rise in price per dozen was a mere 3.3%
➤ In case of the woven-RMG, the
predominant export to the US
market, average prices rose by only
1.9%. The rise in export value of
13.2% was mostly driven by growth
in volume of 11.1%
In case of knit-RMG the situation
was somewhat different - export
earnings rose by 44.6%, with
average prices increasing by 14.3%
while the export volume rose by
26.5%
Table: Bangladesh's RMG exports to
US: Value, price & volume effects
Percentage increase (Jul-
Oct 21 over Jul-Oct 20)
HS Code
Per dozen
Value
Volume
price
61 (Knit)
44.6%
26.5%
14.3%
62 (Woven)
13.2%
11.1%
1.9%
Overall
23.8%
19.8%
3.3%
Source: Authors' calculation based on USITC data
CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
32View entire presentation