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RMG export: Apparel exporters in Bangladesh are feeling the pinch of a looming global recession, persisting higher inflation and dragging severe fallout of the Russia-Ukraine war as orders from international buyers have fallen.
Bangladesh export target: The government today set a merchandise export target of $58 billion for the current fiscal year of 2022-23, which is 11.36 percent higher than the actual receipts in the last fiscal year.
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Bangladesh earned $3.83 billion in merchandise exports in May, the lowest in nine months, as buoyancy in demand ebbed owing to higher inflation, according to data released by the Export Promotion Bureau (EPB) today.