Bangladesh: Country-wise RMG exports performance for Jan-July 2023
14 August 2023, Mumbai
- EU Market
- Export to the EU increased by 5.88% to US$ 13.97 billion.
- Six countries showed significant negative year-on-year growth: Germany, Lithuania, Malta, Poland, Slovakia, and Slovenia.
- Export to Denmark, France, Italy, and Spain increased by 11.90%, 16.05%, 29.64%, and 21.82% respectively.
- USA Market
- Export to the USA declined by 9.14% to US$ 4.97 billion.
- UK Market
- Export to the UK increased by 14.11% to US$ 3.10 billion.
- Canada Market
- Export to Canada increased by 7.74% to US$ 900.57 million.
- Non-Traditional Markets
- Export to non-traditional markets increased by 29.66% to US$ 5 billion.
- Japan is the top destination with export of US$ 984.19 million, up by 48.69%.
- Other non-traditional markets with positive growth include Australia, India, South Korea, China, Brazil, and Turkey.
- UAE and Chile saw a decline in export.
Overall, the RMG export performance for Jan-July 2023 is positive, with the exception of the USA market. The non-traditional markets are showing encouraging growth, especially Japan, India, and South Korea.
CREDITS: BGMEA Press Release.
