Desk Report: Export Promotion Bureau (EPB) has released the export information of Bangladesh for July- November Of FY2022-23.As per the statistics, the RMG export of Bangladesh reached US$ 18.34 billion during the mentioned period with a 15.61% growth compared to the July- November of FY 2021-22.
A category-wise disaggregated analysis shows that the export of knitwear was US$ 10.11 billion, while the export earnings from woven garments reached US$ 8.21billion with 12.55% and 19.61% year-over-year growth respectively. If we analyze the single month data country’s RMG export increased by 35.36% to USD 4.37 billion in November 2022 from US$ 3.23 billion in same month of 2021.
Md. Mohiuddin Rubel ,Director ,BGMEA said, The rise in export is difficult to explain with logic, however this may be caused by increased unit price due to inflation and raw materials cost hike, as well as the order surge in previous months.
The global trade and economic outlook appears to be depressive and retail business worldwide is facing a difficult time. Therefore such growth may not be taken as a reason of complacency. We are rather cautious and optimistic about the future as the industry is transforming to a sustainable one, which is our biggest strength, he added.
