RMG export earnings drop in Dec

Earnings from garment shipments in December declined by 4.92 per cent year-on-year to $3.27 billion for high inflation and a reduction of work orders from international retailers and brands stemming from the Russia-Ukraine war, according to the BGMEA. 

In December 2021, earnings from apparel amounted to $3.44 billion, data showed.

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The provisional data from Bangladesh Garment Manufacturers and Exporters Association was based on the earnings between December 1 and December 28 of 2022.

Garment export may start to rise from March as international retailers are placing more work orders now for the next season, said exporters.

Data from the Export Promotion Bureau (EPB) on export earnings is yet to be released.