Government Publication
Bangladesh Export Statistics: Annual Report 2022-23
Executive Summary
Bangladesh's total goods export in FY2022-23 (July 2022 – June 2023) reached USD 45.71 billion, a 12.35% decline from FY2021-22's record USD 52.15 billion. The decline was attributed to softening global demand following the post-COVID retail boom, high inflation in EU markets reducing consumer discretionary spending, and the Russia-Ukraine war disrupting logistics to Eastern Europe. Despite the headline decline, several non-RMG sectors showed resilience: pharmaceuticals grew 6.2%, leather footwear 8.4%, and plastic products 4.7%. RMG (knit + woven) declined 12.5% to USD 37.02 billion but remained at 81% of total export. Jute and jute products declined sharply (-22%) due to a price war with Indian suppliers. The export market diversification continued with the share of non-traditional markets rising to 23.4% (from 21.1% in FY2021-22). Total services export was USD 7.50 billion. The trade deficit was USD 17.95 billion.
Key Points
- Total goods export FY2022-23: USD 45.71 billion (down 12.35% YoY)
- RMG (knit+woven): USD 37.02B — 81% of total
- Pharmaceuticals export: +6.2% YoY
- Leather footwear: +8.4% YoY
- Jute & jute goods: -22% YoY (price competition with India)
- Non-traditional market share rose to 23.4% (from 21.1%)
- Services export: USD 7.50 billion
- Trade deficit: USD 17.95 billion
- Russia-Ukraine war impacted exports to Eastern Europe
- Global inflation reduced EU consumer discretionary spending
Full Details
Official export statistics for fiscal year 2022-23. Source: Export Promotion Bureau (EPB).