The Export Promotion Bureau (EPB) has released the country wise export data for the July-May period of FY2022-23.

The total RMG export during this period has reached USD $42.63 billion with 10.67% year-over-year growth.

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Out of this total RMG export, $ 21.22 billion went to the EU market with a share of 49.78% of total export, BGMEA Director Md. Mohiuddin Rubel said on Saturday.

The UK held a share of 10.77% and total $ 4.59bn has been exported to the UK; $ 7.73bn has been exported to the USA market, which had a share of 18.14% of total export; Canada held a share of 3.26% and total $ 1.39bn has been exported to Canada, and $ 7.69bn went to the Non-traditional market which had a share of 18.04%, it said.

The European Union has contributed significantly to this growth as it is Bangladesh's largest RMG export destination, with 9.94% growth and $ 21.22 billion of export during July-May 2022-23 compared to $ 19.30 billion, Mohiuddin, additional managing director of Denim Expert Limited, said.

RMG export to Germany has declined by 7.22%, with a total export of US$ 6.03 billion compared to $ 6.50 billion in July-May 2021-22.

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In France and Italy, exports have increased by 23.4% and 44.81% with $ 2.6 billion and $ 2.06 billion of exports respectively. 

During the FY, exports to the USA dropped by 5.07%, from $ 8.14 billion to $ 7.73 billion while exports in the UK and Canada have grown by 12.17% and 17.62%.

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At the same time, the export to non-traditional markets has increased by 32.74%. Among the major non-traditional markets, Japan has shown 45.80% positive growth while Russia and Chile have shown 28.82% and 11.79% negative growth respectively, it added.