Readymade garment exports from Bangladesh in the July-April of 2022-23 fiscal year reached US $ 38.57 billion, registering 9.09 per cent increase compared to the same period of the previous fiscal year.
This is as per reports, which cited data from the country’s Export Promotion Bureau (EPB) in this regard while adding category-wise knitwear exports reached US $ 20.96 billion marking 8.97 per cent year-over-year growth even as woven apparel shipments touched US $17.60 billion mark registering 9.24 per cent Y-o-Y growth.
However, apparel exports in the month of April took a hit, going down 15.48 per cent, amounting to around US $ 3.32 billion when compared to April 2022.
Meanwhile, speaking to the media, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Director Mohiuddin Rubel underlined the decline has resulted in an overall declining trend in the recent months that is in sharp contrast to the otherwise positive trajectory for the July-April of 2022-23 fiscal year, and went on to further add that with just two more months remaining in this financial year, garment makers have to meet the target of about US $ 8 billion.
