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Bangladesh’s RMG export to Europe reaches $13.92bn in July-January period

Bangladesh’s RMG export to the European Union reached $13.92 billion during the July-January period of the current fiscal year with a growth of 1.32 per cent compared to the same period of the previous fiscal year of FY23.As per the latest statistics of the Export Promotion Bureau, Bangladesh’s export to Spain, France, the Netherlands and Poland showed 6.05 per cent, 4.25 per cent, 11.77 per cent and 20.30 per cent growth respectively during the same period of the current fiscal, reports BSS.However, the apparel exports to Italy declined by 1.81 per cent. On the other hand, Germany the largest export market of Bangladesh in the EU, declined by 13.46 per cent fetching an amount of $3.51 billion in this July-January period compared to the same period of the last fiscal (FY23).EPB statistics showed Bangladesh’s RMG export to the USA reached $4.79 billion in the first seventh months of FY24 with a fall of 3.90 per cent.At the same time, the country’s export to the UK and Canada reached $3.31 billion and $871.27 million respectively during this seven-month period of the FY24 with a growth of 12.98 per cent and 0.68 per cent respectively.

During this July-January period of the current fiscal year, the apparel export to non-traditional markets grew by 11.69 per cent to $5.46 billion from $4.89 billion in the corresponding period of previous year.Among the major non-traditional markets, export to Japan, Australia and South Korea increased by 8.74 per cent, 23 per cent and 17.57 per cent respectively.However, the apparel exports to India declined by 21.86 per cent.

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