Bangladesh’s RMG exports to key European nations increased notably during the period from Jul-Feb’24. As data from the Export Promotion Bureau (EPB) shows, RMG exports to EU surged by 3.27 per cent Y-o-Y to $16.23 million. 

Exports to Spain, France, the Netherlands and Denmark surged by 8.68 per cent Y-o-Y, 4.72 per cent Y-o-Y, 14.55 per cent Y-o-Y, 21.82 per cent Y-o-Y and 32.81 per cent respectively. However, Bangladesh’s RMG exports to Italy and Germany witnessed marginal declines of 0.93 per cent and 11.63 per cent respectively. 

Bangladesh’s RMG exports to the United States also fell by 2.58 per cent to $5.46 million. Meanwhile exports to the United Kingdom and Canada, rose by 14.64 per cent to $3.85 billion and 1.81 per cent to $998.77 million, respectively.

Emerging as promising destinations, non-traditional markets witnessed a 10.83 per cent Y-o-Y rise in RMG exports totaling $6.30 million. Exports to Japan, Australia and South Korea increased by 7.12 per cent, 21.29 per cent and 17.16 per cent respectively. 

However, Bangladesh witnessed a notable decline of 22.99 per cent Y-o-Y per cent in apparel exports to India during this period.