Bangladesh’s RMG sector experienced a rise in net exports during the October-December quarter of FY25, reaching 61.04%, the highest in four quarters, according to a central bank report. This growth was driven by increased RMG exports and slower growth in raw material imports. However, net exports had previously declined from 61.41% in October-December FY24 to 57.04% in April-June FY24.
During October-December FY25, total RMG export earnings were $10.37 billion, a 9% increase from the previous quarter’s $9.51 billion, fueled by economic recovery in advanced economies and high demand during the Western holiday shopping season. The net export value reached $6.33 billion, marking a 12.67% rise from the previous quarter and an 18% increase year-on-year.
In contrast, during April-June FY24, total RMG exports stood at $8.84 billion, with net exports at $5.04 billion, a 14% decrease from the previous quarter and a 10% drop from the same quarter in FY23. This was due to higher raw material import costs, which accounted for 43% of total RMG earnings, compared to 39% in October-December FY25.
Among RMG categories, knitwear contributed 42.62% and woven garments 37.92% of total export earnings. Key export destinations included the United States, Germany, the UK, Spain, France, the Netherlands, Italy, Canada, and Belgium, collectively generating $8.05 billion, or 90.10% of total RMG earnings. However, while earnings from these countries grew 7.13% from the previous quarter, they were 8.79% lower than the same period in FY24.
Comment here