Apparel export increases in significant markets in July-August of FY2022-23

The export of apparel items marked significant gains in the top destinations in the first two months (July-August) of the current fiscal year (FY2022-23), said the country-wise detailed apparel export data of the Export Promotion Bureau (EPB).

In the mentioned period Bangladesh exported apparel items worth $1.41 billion to the US, the largest single export destination, fetching a year-on-year growth of 20.52%, from $1.17 billion in the same period of the last FY.

Export to Germany was worth $1.06 billion, up by 16.44%, from $910.97 million in July-August of FY 2021-22.

During the mentioned period, Bangladesh exported RMG items to the UK worth $819.86 million, registering a 35.64% growth, from last year’s $604.45 million.

The apparel export to the other major destinations such as Spain, France, Netherland, Italy, and Poland also registered positive growth by 24.52% to $574.7 million, by 37.73% to $370.8 million, by 51.99% to $297.93 million, by 19.46% to $256.26, and by 3.39% to $231.85 million, respectively.

During the mentioned period, the apparel export to the overall EU market soared by 23.41% to $3.44 billion from $2.79 billion in the same period of the last fiscal year.

During July of FY 2022-23, export in Canada reached $227.03 million fetching a YoY growth of 18.49% from $191.61 million in July of the last fiscal year, EPB data showed.

In the mentioned period, the apparel export to the non-traditional markets reached $1.20 billion with 37.9% year-over-year growth, from $874.47 million in the last FY.

Among the major destinations of the non-traditional markets, exports to Japan reached $217.53 million, with a YoY growth of 25.81% from $172.91 million in the last fiscal year.

From India, Bangladesh bagged $188.29 million in the first two months of FY22-23, registering a growth of 98.92% from $94.66 million in July-August of the last fiscal year.

During the mentioned period, the overall apparel export of Bangladesh was $7.11 billion, fetching a growth of 26.1%, from $5.64 billion in July-August of FY22.