The Export Promotion Bureau(EPB) has released the apparel export statistics for the period of July-August FY2023-24. During the mentioned period, our RMG export grew by 12.46% year-over-year basis to US$ 7.99 billion from US$ 7.11 billion during the same period of the fiscal year 2022-23.
The export of knitwear was US$ 4.58 billion, while the export of woven garments was US$ 3.42 billion, registering 17.02% and 6.86% year-over-year growth respectively.
The single-month apparel export earnings which means export in August 2023 was US$ 4.04 billion with 7.99% growth compared to August 2022.
Mohiuddin Rubel Director Of BGMEA said the overall growth in RMG export is quite impressive. However, the recent trend in trade reflects a depressing scenario of the retail business and economy, which might continue throughout this year. For Bangladesh, the positive side is that we are being able to gradually diversify our products and move toward sophisticated items, which is reflected in the growth, he added.
