Bangladesh's exports saw a growth of 11.76 per cent in five months from July-November of 2024-25 fiscal year compared to the same period of the previous fiscal.
According to the data of the Export Promotion Bureau (EPB), Bangladesh exported goods worth $19.9 billion in the July-November period of the current 2024-25 fiscal year, of which 80.97 per cent are readymade garment products.
Bangladesh’s share of apparel imports into the US market decreased by 3.33 per cent year-on-year in the January-October period.
The apparel export share of the Chinese decreased by 1.06 per cent in the US market. On the other hand, India’s and Vietnam’s apparel exports in the US market grew by 2.68 per cent and 3.93 per cent respectively in the discussed period.
Bangladesh's ready-made garment (RMG) exports have been growing, and the country is the second-largest exporter of RMGs in the world.
Vietnam is Bangladesh’s competitor in the global market and their share rising in the US market indicates the country (Vietnam) is getting an additional advantage, said businessmen of this sector.
In the 2022–2023 financial year, Bangladesh's RMG exports reached $47 billion, up from $42.6 billion in the previous year.
In the period from July 2023 to May 2024, RMG exports increased by 2.86 per cent to $43.85 billion.
bd-pratidin/GR
