Apparel exports to EU witnesses 14.29pc growth during July-Feb

Staff Reporter :
Bangladesh’s apparel exports to the European Union (EU) increased by 14.29 per cent to $15.72 billion during the July-February period of the current fiscal year (2022-23) compared to the same period last year, according to statistics of the Export Promotion Bureau (EPB).
Exports to France and Spain reached $1.89 billion and $2.35 billion with 27.65% and 18.79% YoY growth respectively.
On the other hand, as per data released by the EPB, the export of RMG items to Germany, one of the largest markets in the EU, registered a Year-on-Year (YoY) decline of 1.03 per cent to $4.62 billion.
Exports to the US also witnessed a YoY decline of 2.87 per cent to $5.68 billion. During the same period, apparel imports from Bangladesh to the UK and Canada saw YoY positive growth of 14.52 per cent and 20.05 per cent to $3.36 billion and $980 million respectively.
The EPB statistics marked Bulgaria and Poland with negative YoY growth during the mentioned period.
Bangladesh’s apparel exports to other non-traditional markets reached $5.69 billion with 35.02 per cent YoY growth during the July-February period of this fiscal year.
Among the major non-traditional markets, exports to Japan, Australia, India and South Korea reached $1.07 billion, $767.75 million, $753.92 million and $387.63 million respectively.