RMG export in January 2024 was US$ 4.97 billion with increased by 12.45% growth

adv-06

The Export Promotion Bureau (EPB) has released the apparel export statistics for the period of July-January FY-2023-24. During the mentioned period, our RMG export grew by 3.45% year-over-year basis to US$ 28.36 billion from US$ 27.41 billion during the same period of the fiscal year 2022-23.

The export of knitwear was US$ 16.17 billion, growth increased 8.15% and woven garments were US$ 12.18 billion, growth declined by 2.20%.

The single-month apparel export earnings that indicate export in January 2024 was US$ 4.97 billion with an increase of 12.45% growth compared to January 2023.

The overall growth in RMG export is not up to the mark and not bad also. 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. After 3 months, the growth has inclined, and this is the first time in a single month that our RMG exports have reached near about $5 billion.


Mohiuddin Rubel, Director, BGMEA, Additional Managing Director, Denim Expert Ltd