As per the statistics of the Export Promotion Bureau (EPB), from July-January of FY2022-23, our apparel export to the European Union increased by 15.04%, that is to US$ 13.73 billion from US$ 11.94 billion in July-Jan 2021-22. Germany is the largest European market fetching US$ 4.06 billion with only 0.83% growth compared to the same period of the previous year.
Export to Spain and France also increased by 18.18% and 18.74% respectively. Export to other major EU countries such as Italy, Austria, Netherlands and Sweden have shown growth of 57.50%, 32.93%, 32.41% and 23.28% respectively. On the other hand, export to Poland has shown 17.79% year-over-year negative growth during the mentioned period.
RMG export to the USA during the mentioned period was declined by 1.98% compared to the same period in FY 2021-22. Our export to the USA reached 4.98 billion dollars in July-Jan 2022-23. On the hand, our exports to U.K. and Canada have grown by 14.47% and 19.25% respectively compared to the same time of the previous fiscal year. At the same time, export to non-traditional markets increased to US$ 4.89 billion from US$ 3.67 billion in the same period of time.
Among the major non-traditional markets, our export to Japan reached 920.26 million dollars with 45.92% Y-O-Y growth during July-Jan of FY2022-23. The other non-traditional markets having high growth were Malaysia at 92.77%, Mexico at 42.70%, India at 58%, Brazil at 64.14%, and South Korea at 37.39%.
