RMG exports from Bangladesh to the European Union saw 9.93 per cent growth during the fiscal year 2022-23 – from $21.40 billion in FY 2021-22 to $23.52 billion in FY 2022-23, according to the Export Promotion Bureau.

However, exports to some major markets in the EU region, such as Germany and Poland, have declined significantly, said BGMEA director Mohiuddin Rubel quoting the facts.

In FY 2022-23, apparel exports to Spain, France, Italy, Denmark and Netherland were worth $3.37billion, $2.94billion, $2.27billion, $1.28billion, and $1.85billion respectively.

Export to the United States, the top apparel export destination of Bangladesh, declined by 5.51 per cent to $ 8.51billion, from $9.01billion in FY 2021-22, in the mentioned period.

At the same time, RMG exports to the United Kingdom and Canada increased by 11.78 per cent and 16.55 per cent respectively.

During the mentioned year, Bangladesh’s exports to non-traditional markets have achieved significant growth of 31.38 per cent.

Among the major non-traditional markets, exports to Japan, Australia and India crossed the one billion dollar milestone.

The share of non-traditional markets in total RMG export has also increased by 17.82 per cent in FY 2022-23, from 14.96 per cent in FY 2021-22.