According to Bangladesh Bank, import of yarn soared by 82.35 percent and raw cotton by 29.72 percent in July.
Bangladesh imported yarn worth over $329 million in July 2021, up from $180.7 million in July 2020.
On the other hand, some $285 million worth of raw cotton has been imported in July 2021, up from $219.7 million in July 2020.
According to the National Board of Revenue , 59.72 metric tonnes of cotton were imported in July 2021.
As per the central bank, Imports of textile have risen from $442mn to $473mn, staple fiber from $63mn to $79mn and dying and tanning materials from $55mn to $67mn.