diff --git a/exporter/otlp/CHANGELOG.md b/exporter/otlp/CHANGELOG.md
index af78a05f2a..a9fe6bf6a0 100644
--- a/exporter/otlp/CHANGELOG.md
+++ b/exporter/otlp/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-exporter-otlp
 
+### v0.23.0 / 2022-06-23
+
+* ADDED: Report bundle size stats in exporter; also don't re-gzip unnecessarily 
+
 ### v0.22.0 / 2022-06-09
 
 * ADDED: Otlp grpc 
diff --git a/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb b/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
index 661041813d..e0504c4cd2 100644
--- a/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
+++ b/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
@@ -8,7 +8,7 @@ module OpenTelemetry
   module Exporter
     module OTLP
       ## Current OpenTelemetry OTLP exporter version
-      VERSION = '0.22.0'
+      VERSION = '0.23.0'
     end
   end
 end