According to the Export Promotion Bureau, Bangladesh's Ready-Made Garments (RMG) exports to the European Union (EU) experienced a robust growth of 9.93% during the fiscal year 2022-23. The exports surged from $21.40 billion in FY 2021-22 to $23.52 billion in FY 2022-23. 

However, BGMEA director Mohiuddin Rubel highlighted a significant decline in exports to major EU markets like Germany and Poland. The apparel exports to Spain, France, Italy, Denmark, and the Netherlands in FY 2022-23 were valued at $3.37 billion, $2.94 billion, $2.27 billion, $1.28 billion, and $1.85 billion, respectively. 

In the same period, apparel exports to the United States, Bangladesh's primary apparel export destination, dropped by 5.51% to $8.51 billion compared to $9.01 billion in FY 2021-22. On a positive note, RMG exports to the United Kingdom and Canada witnessed significant growth, increasing by 11.78% and 16.55% respectively. 

Furthermore, Bangladesh's exports to non-traditional markets, including Japan, Australia, and India, crossed the billion-dollar milestone, achieving a remarkable growth of 31.38%. Consequently, the share of non-traditional markets in total RMG exports surged to 17.82% in FY 2022-23, up from 14.96% in FY 2021-22.