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 $42.63 billion with 10.67 per cent year-over-year growth.
Out of this total RMG export, $21.22 billion went to the EU market with a share of 49.78 per cent of total export, BGMEA Director Md Mohiuddin Rubel said on Saturday.
The UK held a share of 10.77 per cent and a total of $4.59 billion has been exported to the UK; $7.73 billion 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 per cent, with a total export of $6.03 billion compared to $6.50 billion in July-May 2021-22.
In France and Italy, exports have increased by 23.4 per cent and 44.81 per cent with $2.6 billion and $2.06 billion of exports respectively.
During the FY, exports to the USA dropped by 5.07 per cent, from $8.14 billion to $7.73 billion while exports in the UK and Canada have grown by 12.17 per cent and 17.62.
At the same time, export to non-traditional markets has increased by 32.74 per cent. Among the major non-traditional markets, Japan has shown 45.80 per cent positive growth while Russia and Chile have shown 28.82 per cent and 11.79 per cent negative growth respectively, it added.
