Bangladesh's garment exports up 15.56% in July-Dec 2022

RMG exports from Bangladesh were 4.81 per cent higher than the target of $21.940 billion for July-December 2022, as per EPB data.

Exports of knitwear (Chapter 61) increased by 13.42 per cent to $12.659 billion in July- December 2022, as against exports of $11.161 billion during the same months of the previous fiscal.

Exports of woven apparel (Chapter 62) increased by 18.29 per cent to $10.337 billion during the period under review, compared to exports of $8.739 billion during July-December 2021, as per the data.

Home textile exports (Chapter 63, excluding 630510) decreased by 16.02 per cent to $601.26 million during the period under review, compared to exports of $715.95 million during July- December 2021.

Woven and knitted apparel, clothing accessories and home textile exports together accounted for 86.84 per cent of Bangladesh’s total exports of $27.311 billion during July- December 2022.

Bangladesh had achieved an all-time high in terms of value of RMG exports in 2021-22, at $42.613 billion, registering an increase of 35.47 per cent compared to exports of $31.456 billion in fiscal 2020-21.

However, the growth in RMG exports has slowed down during the recent months due to global economic challenges.

ALCHEMPro News Desk (KUL)