Readymade garment (RMG) exports from Bangladesh increased by 26.1 per cent to $7.112 billion in the first 2 months of fiscal 2022-23 (July-June) compared to exports of $5.640 billion in July-August 2021, as per the provisional data released by the Export Promotion Bureau. Exports were 7.24 per cent more than the target of $6.632 billion for July-August 2022. 

Knitwear (Chapter 61) exports witnessed a higher growth compared to woven RMG exports. Exports of knitwear increased by 20.15 per cent to $3.915 billion in July-August 2022, as against exports of $3.258 billion during the same months of previous fiscal, as per the data. Exports of woven apparel (Chapter 62) increased at a higher rate of 34.23 per cent to $3.196 billion during the period under review, compared to exports of $2.381 billion during July-August 2021. 

Home textile exports (Chapter 63, excluding 630510) zoomed 53.39 per cent to $268.52 million during the period under review, compared to exports of $175.06 million during July-August 2021. 

Woven and knitted apparel, clothing accessories and home textile exports together accounted for 86.04 per cent of Bangladesh’s total exports of $8.591 billion during July-August 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. 

Fibre2Fashion News Desk (KUL)

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