Trade AssociationNews

RMG export earnings fall in December

BTJ Desk Report
textile news

The export earnings from RMG in December declined by 4.92% year-on-year to $3.27 billion for high inflation and a reduction of work orders from international retailers and brands stemming from the Russia-Ukraine war, media reported citing the BGMEA.

In December 2021, earnings from apparel amounted to $3.44 billion, data showed.

The provisional data from Bangladesh Garment Manufacturers and Exporters Association was based on the earnings from December 1 to December 28 of 2022.

Garment export may start to rise from March as international retailers are placing more work orders now for the next season, said exporters.

Data from the Export Promotion Bureau (EPB) on export earnings is yet to be released.


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