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Bangladesh's RMG exports surge 11.38% to $12.8 bn in Jul-Oct 2024

03 Dec '24
2 min read
Bangladesh's RMG exports surge 11.38% to $12.8 bn in Jul-Oct 2024
Bangladesh's RMG exports surge 11.38% to $12.8 bn in Jul-Oct 2024

Insights

  • Bangladesh's RMG exports rose by **.**% to $****** billion in the first four months of fiscal 2024-25, driven by strong growth in knitwear and woven apparel.
  • Knitwear exports increased by **.**%, while woven garments rose by **.**%.
  • Home textiles grew modestly, and cotton product exports surged **.**%.
  • The new regime reversed last fiscal's decline.

Interestingly, under the new regime, RMG exports showed a decline in the last fiscal when the previous government was in power. In contrast, the new administration reported significant growth in RMG exports during the first four months of the current fiscal.

Knitwear exports outpaced woven garment exports in growth. During the first four months of the current fiscal, exports of knitwear (Chapter **) rose by **.** per cent to $*.*** billion, compared to $*.*** billion in the corresponding period of fiscal ****-**. Woven apparel exports (Chapter **) increased by **.** per cent, totalling $*.*** billion, compared to $*.*** billion during the same period, as per EPB data.

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