Bangladesh has exported $3.7 bn worth of apparel in August

Desk Report: Export Promotion Bureau (EPB) has published data for August 2022. As per the data, Bangladesh has exported 3.7 billion USD worth of apparel in the latest month of August. In a year over year comparison, export has seen a growth of 36.04%.

However, the global geo-political tension and volatile economic impact caused by that has already started to affect the export. With the rising inflation, consumer demand in western market has been reducing and this has been reflected on the export scenario, said Mohiuddin Rubel, Director, BGMEA

The total export in August 2022 is 3.7 billion USD, whereas it was almost 4.1 billion USD in June 2022. Starting from June, RMG export growth has been started to decline and both in July and August 2022, it has been less than June’s export. The upcoming months look gloomy since some of the major brands are holding their orders recently due to excess overstock. So we are rather being more careful and vigilant than being complacent.