As per the latest statistics of the Export Promotion Bureau (EPB), readymade garment export reached US$ 28.36 billion during July-January of FY 2023-24, 3.45% up compared to the same period of the previous fiscal year.
“Our RMG export grew by 3.45% year-over-year basis to US$ 28.36 billion from US$ 27.41 billion during the same period of the fiscal year 2022-23,” said a press release sent by Mohiuddin Rubel, director at BGMEA.
The export of knitwear was US$ 16.17 billion, growth increased by 8.15% and woven garments were US$ 12.18 billion, growth declined by 2.20%, the release added.
The single-month apparel export earnings that indicate export in January 2024 was US$ 4.97 billion with increased by 12.45% growth compared to January 2023.
The overall growth in RMG export is not up to the mark and not bad also, it said.
However, the recent trend in trade reflects depressing scenario of the retail business and economy, which might be continued throughout this year.