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RMG export sees 30.73% growth in July- February

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Desk Report: Bangladesh’s export earnings in the July-February period of the current financial year 2021-22 increased by 30.46 per cent to $33.84 billion from $25.86 billion in the same period of the previous fiscal year due to an outstanding performance by readymade garment products.

rmg-exportOver 30 per cent rise this fiscal year following the good performance of apparel exports, shows EPB data. The EPB data showed that export earnings from RMG in the eight months of FY22 fetched $27.49 billion, which is 30.73 per cent higher than the earnings of $21.03 billion in FY21. Bangladesh government has set an $80 billion export target for the fiscal year 2024.

Export earnings from woven garments increased by 28.23 per cent to $12.42 billion in July-February of FY22 from $9.69 billion in the same period of the previous fiscal year. Earnings from knitwear exports in the eight months of FY22 grew by 32.87 per cent to $15.06 billion from $11.34 billion in the same period of FY21. Export earnings from home textiles increased by 35.98 per cent to $993.76 million in the July-February period of FY22 from $730.82 million in the same period of FY21.

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