Readymade garment (RMG) exports from Bangladesh increased by 13.41 per cent to $10.274 billion in the first 3 months of fiscal 2022-23 (July-June) compared to exports of $9.059 billion in July-September 2021, as per provisional data by the Export Promotion Bureau. Exports were 2.52 per cent more than the target of $10.021 billion for July-September 2022.
Knitwear (Chapter 61) exports witnessed a lower growth compared to woven RMG exports. Exports of knitwear increased by 9.40 per cent to $5.649 billion in July-September 2022, as against exports of $5.164 billion during the same months of the previous fiscal. Exports of woven apparel (Chapter 62) increased by 18.73 per cent to $4.624 billion during the period under review, compared to exports of $3.895 billion during July-September 2021, as per the data.
Home textile exports (Chapter 63, excluding 630510) increased by 26.59 per cent to $353.48 million during the period under review, compared to exports of $279.23 million during July-September 2021.
Woven and knitted apparel, clothing accessories and home textile exports together accounted for 80.06 per cent of Bangladesh’s total exports of $12.496 billion during July-September 2022.
RMG exports from Bangladesh had witnessed an increase of 35.47 per cent to $42.613 billion in fiscal 2021-22 compared to exports of $31.456 billion in fiscal 2020-21. Bangladesh had achieved an all-time high in terms of value of RMG exports in 2021-22. The total exports also breached the target of $43.500 billion with 19.73 per cent rise during the period.
