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Bangladesh’s readymade garment (RMG) export fetches $3.37 billion in July of the FY2022-23. And witnessed a 16.61% development within the first month of the present fiscal yr.
The Export Promotion Bureau (EPB) knowledge for the primary month of the FY2022-23 confirmed that garment objects export contributed 84% to the nation’s nationwide export.
Most significantly, the sub-sector of RMG export – woven merchandise has seen comparatively larger development of 23.11% and earned $1.51 billion. whereas knitwear objects export grew by 11.80% and earned $1.85 billion.
“On this troublesome time of world financial system the place our financial system is confronted with imported inflation, EURO is falling towards US {dollars}, and the price of inputs is on the rise, this development is exhibiting the resilience of our trade. But the outlook stays cautious of the financial slowdown in superior economies,” mentioned Mohiuddin Rubel, Director, BGMEA.
Textile export earnings
House textile export incomes witnessed a 3.89% development within the first month of the present fiscal yr. The promising sector earned $95.95 million. Whereas terry towel export earned $4.23 million. Which witnessed a 13.14% damaging development.
Specialised textiles export earnings have witnessed a promising development of 39.38% within the first month of the FY2022-23 and earned $16.53 million. Particular woven material export earnings grew by a shocking 43.66%. The sector exported $2.04 million in July. Whereas the knitted materials earned $8.48 million. And grew by 71.66%.
Jute export
Jute and jute items earned $63.91 million in July and witnessed 5.17% development within the first month of the present fiscal yr.
