Staff Correspondent:

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% to total RMG exports, valued at $16.25 billion.

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

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

Canada and the UK markets displayed growth rates of 13.86% and 3.41%, 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%) and Sweden (19.67%).

Furthermore, Bangladesh’s RMG exports to non-traditional markets increased by 6.25%, totaling $5.48 billion with a 16.79% market share. Japan, Australia, and India emerged as prominent markets in this segment, with India registering an impressive growth rate of 18.85% and Japan at 10.41%.

The knitwear sector grew by 10.74% while the woven sector increased by 9.17%.

Mohiuddin Rubel, former director, BGMEA, Additional Managing Director (AMD), Denim Expert Ltd. and Managing Director, Bangladesh Apparel Exchange, said that the ongoing global trade conflicts present new opportunities for Bangladesh to explore.

“More focus on non-traditional markets is essential for diversifying exports.” he added.