Desk Report: The Export Promotion Bureau (EPB) published the latest export data for July- October in FY2022-23. The overall RMG export in October increased by 3.27% to US$ 3.67 billion year-on-year. In the first four months of the current fiscal year 2022-23, the overall RMG export reached US$ 13.95 billion with 10.55 % year-over-year growth.
In October, exports from knitwear and woven increased by 1.46% and 5.71% respectively. The knitwear export reached US$ 7.72 billion, while export from woven items was US$ 6.22 billion with 7.14% and 15.08% growth respectively compared to the same period of the FY 2021-22.
Though there was a prediction that RMG export may slow down in October, such positive growth is welcoming. As an entrepreneur in the industry, I don’t see any positive outlook for orders and growth in the coming months as the retail market worldwide is struggling, and buyers are following cautious steps to manage new orders and inventory.
As a single month, 3.6 billion dollars worth of export is significant. Our industry has the capacity to supply more and we are exploring new growth opportunities including product and market diversification, said MD Mohiuddin Rubel, Director, BGMEA
