RMG exports from Bangladesh to the European Union (EU) saw 9.93 percent 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 (EPB).

Read: Bangladesh to retain duty-free access for 98% of exports, including RMG as UK introduces new scheme

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 US$ 3.37 billion, US$ 2.94 billion, US$ 2.27 billion, US$ 1.28 billion, and US$ 1.85 billion respectively.

Read: Elevated Expressway’s Airport-Farmgate section to open in September: Quader

Export to USA, the top apparel export destination of Bangladesh, declined by 5.51 percent to US$ 8.51 billion, from US$ 9.01 billion in FY 2021-22, in the mentioned period.

At the same time, RMG exports to the UK and Canada increased by 11.78 percent and 16.55 percent respectively.

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

Read: RMG exports in FY23 almost $47bn, 85% of total exports

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 also increased by 17.82 percent in FY 2022-23 from 14.96 percent in FY 2021-22.