Bangladesh’s exports noticed a development of 11.76% in 5 months from July-November of FY2024-25 in comparison with the identical length of the old fiscal year.
In step with the suggestions of the Export Promotion Bureau (EPB), Bangladesh exported goods rate $ 19.9 billion within the July-November length of the present FY 2024-25, of which 80.97% are readymade garment merchandise.
Bangladesh’s share of apparel exports into the US market diminished by 3.33% year-on-year within the January-October length.
The apparel export share of the Chinese language diminished by 1.06% within the US market. India and Vietnam’s apparel exports within the US market grew by 2.68% and 3.93% respectively at some stage in this length.
Bangladesh’s ready-made garment (RMG) exports had been rising, and the nation is the second-finest exporter of RMGs on the earth. Vietnam is Bangladesh’s competitor within the worldwide market and their share rising within the US market signifies the nation (Vietnam) is getting a further wait on, acknowledged businessmen of this sector.
Within the financial year 2022–2023, Bangladesh’s RMG exports reached $47 billion, up from $42.6 billion within the old year. Within the length from July 2023 to Might possibly possibly simply 2024, RMG exports increased by 2.86% to $43.85 billion.
