Bangladesh’s apparel exports reached $22.97 billion, growing 15.56% year-on-year, during July-December, the first six months of 2022-23 fiscal, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said Monday citing the Export Promotion Bureau (EPB) data.
Knitwear accounted for $12.66 billion and woven garments accounted for $10.33 billion of the shipment, with a 13.42% and 18.29% growth year-on-year, respectively.
“The Apparel industry fared well in December. With a 15.35% growth, December 2022 fetched $4.67 billion from readymade garments (RMG) exports, the highest in a single month ever recorded,” BGMEA Director Md Mohiuddin Rubel said.
“If we consider the data of the calendar year, Bangladesh marked a new milestone in RMG export in 2022 amid geopolitical tension, global economic turmoil, and natural disasters. As per the analysis of the BGMEA, Bangladesh’s RMG export reached $45.70 billion in 2022 with 27.64% growth compared to 2021.”
“The export earnings from knitwear was $24.71 billion while the earnings from woven was $20.99 billion, with both registering 26.11% and 29.48% year-on-year growth, respectively in 2022.”
Bangladesh exported goods worth $27.22 billion in the first six months of FY23, according to EPB.