Total export earnings from Readymade Garments (RMG) stood at USD 10274.34 million in July-September FY23 (Woven USD 4624.88 million and Knitwear USD 5649.46 million), which was 8.14 percent lower than that of the previous quarter but 13.41 percent higher than the same quarter of last year.
RMG’s total export earnings in July-September FY23 were 2.52 percent higher than the quarterly target of USD 10021.66 million.
The United States, Germany, the United Kingdom, Spain, France, the Netherlands, Italy, Canada, and Belgium were the top destinations for Bangladesh’s RMG exports during July-September FY23. From these nine countries, Bangladesh earned USD 7422.70 million from RMG, accounting for 72.25 percent of total RMG exports.
In this quarter, RMGs’ net export (determined by subtracting RMG raw material import value from RMG export value) was USD 5290.21 million or 51.49 percent of gross RMG exports.
The government and the Bangladesh Bank have undertaken a number of measures especially for facilitating production and export of the RMG sector. Some important measures taken to boost up production and export of the RMG sector are pre-shipment credit, incentives for export expansion and extended facilities for trade transactions.
List of Textile Manufacturers and Exporters of Bangladesh