Bangladesh’s RMG exports to the EU surged by 3.27 per cent to $16.23 billion during the July-February period of the current fiscal year compared to the same period in the previous fiscal year (FY23).

According to data from the Export Promotion Bureau (EPB), Bangladesh's RMG exports to Spain, France, the Netherlands, Poland, and Denmark increased by 68 per cent, 4.72 per cent, 14.55 per cent, 21.82 per cent, and 32.81per cent respectively over the eight-month period.

However, RMG exports to Italy declined by 0.93 per cent and to Germany by 11.63 per cent totaling $4.09 billion during the July-February period compared to the previous fiscal year.

During the same timeframe, Bangladesh’s RMG exports to the US declined by 2.58 per cent to $5.46 billion. Conversely, exports to the UK and Canada reached $3.85 billion and $998.77 million respectively, with growth rates of 14.64 per cent and 1.81 per cent Y-o-Y.

Notably, Bangladesh’s apparel exports to non-traditional markets surged by 10.83 per cent to $6.30 billion compared to the corresponding period of the previous year. Among these non-traditional markets, exports to Japan, Australia, and South Korea increased by 7.12 per cent, 21.29 per cent, and 17.16 per cent respectively. However, apparel exports to India declined by 22.99 per cent.