RMG export to the USA, the largest export destination for Bangladesh, has increased by 6.31 per cent in July fiscal year 2023-24 to $729.03 million from $ 685.77 million in the July 2022-23, said Export Promotion Bureau (EPB).
“During the first month of fiscal year 2023-24, our clothing export to the EU market grew by 17.40 per cent to $1.95 billion from $1.66 billion in the same period of last fiscal year. During the mentioned period, our export to some major markets in EU region such as Spain, France, Italy, Netherland and Poland grew by 36.35 per cent, 22.71 per cent, 36.75 per cent, 23.03 per cent and 18.07 per cent respectively,” said BGMEA Director Mohiuddin Rubel, reports UNB.
In a letter, Mohiuddin Rubel also said, “However, our export to Germany, the second largest export destination for Bangladesh, saw 0.70 per cent year-over-year negative growth and reached $514million. At the same time, export to Finland, Cyprus, Czech Republic, Estonia, Lithunia, Malta, Slovakia and Slovania have declined significantly.”
During July, FY 2023, export to UK and Canada reached $ 475.54 Million and $ 128.89 million, with 29.78 per cent and 14.78 per cent year-on-year growth respectively.
At the same time, apparel export to the non-traditional markets also increased by 23.75 per cent and reached $674.82 million.
Among the major non-traditional markets, export to Japan, Australia, India and South Korea increased by 49.99 per cent, 55.73 per cent, 2.60 per cent and 19.59 per cent respectively, it added.
Bd-pratidin English/Golam Rosul
