প্রকাশ: 02/10/2022
Overall exports declined by 7.52% in September this year
compared to the same period in 2021 after 13 months of recovery from COVID
pandemic, according to the latest official figures.
But exports of readymade garments reached 10.27 billion
dollars in the first quarter of FY2022-23, which is 13.41% higher than previous
year’s corresponding time, according to data released by the Export Promotion
Bureau (EPB) for July-September.
Knitwear exports, however, declined by 9%, while woven
declined by 5.66%, it said.
BGMEA Director Md. Mohiuddin Rubel said on Sunday that BGMEA
had already shared early indication of growth slowdown from September onwards,
which is apparently reflected in export data for September.
The global retail market is disrupted by many challenges
starting from post covid container freight and supply chain crisis, price hike
of raw materials, and then anticipated recession in the global economy, which
is halting retail sales and demand for clothing, he said.
Rubel said buyers were following cautious steps to make
their inventory and supply chain optimum, so some of them are even holding back
production and orders.
“Altogether it has been quite a fluid and vulnerable
situation, where we have all the strengths and possibilities to grow given our
sustainability and competitiveness strides, yet the global economic outlook
makes it difficult to foresee something bright for the final quarter of the
year 2022,” he added.
- UNB
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