RMG export reaches $32.64b totals during July-April period

Business Desk :

Country’s RMG exports witnessed a healthy trend during the July-April period of the current fiscal year (FY25) totaling $32.64 billion, marking a significant 10 percent growth.

According to the Export Promotion Bureau’s (EPB) latest country-wise export data for Bangladesh from July to April 2024-25, the European Union emerged as a pivotal market, contributing 49.78 per cent to total RMG exports, valued at $16.25 billion.

The United States recorded RMG exports worth $6.23 billion, accounting for 19.09 per cent of the total share. Canada and the UK also played notable roles, with contributions of $1.05 billion and $3.63 billion, respectively, reports BSS.

The EPB statistics showed that the EU market experienced a notable 10.55 per cent increase while the USA market saw a substantial growth of 15.75 per cent.

Canada and the UK markets displayed growth rates of 13.86 per cent and 3.41 per cent, respectively.

Within the EU market, Germany stood out as the largest importer of RMG from Bangladesh, with the country’s exports reaching $4.08 billion.

Spain and France followed closely, with export values of $2.85 billion and $1.78 billion, respectively.

Remarkable growth rates were seen in countries like the Netherlands (22.90 per cent) and Sweden (19.67 per cent).

Furthermore, Bangladesh’s RMG exports to non-traditional markets increased by 6.25 per cent, totaling $5.48 billion with a 16.79 per cent market share. Japan, Australia, and India emerged as prominent markets in this segment, with India registering an impressive growth rate of 18.85 per cent and Japan at 10.41 per cent. The knitwear sector grew by 10.74 per cent while the woven sector increased by 9.17 per cent.