RMG exports witness 12 percent growth during July-January

Staff Reporter: Bangladesh's RMG exports to the world saw a growth of 12.00 percent during the July-January period of FY25, reaching a total of US$23.55 billion, indicating a positive trend.
 
However, when comparing the RMG export figures of July-January (2024-25) with those of July-January (2022-23), the growth over the two-year period was 1.38pc, according to an official data.

After experiencing consecutive double-digit growth in the past four months (September-December), the growth in January 2024-25 slowed down to 5.57pc,
with a single-month export value of $3.66 billion.
 
The knitwear sector posted a relatively higher growth of 6.62pc, while the woven garment export growth recorded 4.52pc.
 
Talking to BSS, Mohiuddin Rubel, former director of BGMEA and additional managing director of Denim Expert Ltd, said the growth figures are encouraging as they do not fully reflect the challenges faced by the industry, particularly the pressure on prices and costs.

Analysis is required to identify the specific factors influencing this trend, such as market-specific performance, product and market concentration, and other variables, he further said.
 
"The global trade is estimated to have shrunk significantly last year, leading to intense price competition. Amidst the looming trade war, there are some opportunities for Bangladesh's RMG sector," Rubel added.
 
However, he said several priorities need to be addressed to support business operations including energy security and financial/banking sector stability.

Biniyougbarta/sam//