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Revised data shows Bangladesh RMG exports dip 5.22% in FY24

21 Nov '24
2 min read
Revised data shows Bangladesh RMG exports dip 5.22% in FY24
Revised data shows Bangladesh RMG exports dip 5.22% in FY24

Insights

  • Bangladesh's RMG exports declined by ****.*2 per cent to $**.*** billion in fiscal 2023-24, missing the $**.*** billion target by **.** per cent, according to revised EPB data.
  • Knitwear and woven apparel exports dropped, while home textile exports saw a sharper **.** per cent fall.
  • The new regime revised prior fiscal data, revealing discrepancies in reported RMG exports under the former government.

After the ousting of former Prime Minister Sheikh Hasina in early August ****, the new regime assumed office amid political unrest, widespread violence, and disruptions. The EPB delayed the regular release of monthly trade data until this month.

EPB’s latest provisional trade data revealed that while knitwear exports surpassed those of woven garments, overall RMG exports fell significantly short of the $**.*** billion target for fiscal ****–**, underperforming by **.** per cent.

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