After two months of sluggish growth, Bangladesh’s exports surged in March, driven by strong growth in the readymade garment (RMG) sector.
“Bangladesh’s export sector has demonstrated a commendable performance,” said the EPB
One might be forgiven for thinking that the turbulence unleashed by Donald Trump’s trade policies during his first term as president of the United States was overhyped—especially since Bangladesh’s export contraction between July 2019 and February 2020,
Bangladesh’s economy is significantly dependent on its export earnings. The export sector has faced several challenges under the interim government.
Beximco's problems are evidence of a number of ongoing problems in the garment industry.
To create our brand appeal to buyers and consumers alike, we need a long-term, multi-pronged approach.
Exports grew 2.9 percent in July, the first month of fiscal year 2024-25, driven by higher shipments of winter clothes for the Western markets.
Bangladesh’s overall exports fell 4.34 percent year-on-year in FY24 due to lower shipments of ready made garments (RMG), reflecting sluggishness in industrial activities and the economy.
China could not become a potential export destination for Bangladesh despite offering generous preferential trade benefits for the past decade or so.
Exports earnings fell to $3.76 billion in October, the lowest in 26 months, as shipment of apparel items became the last major victim to the falling global demand as consumers tighten belts amid higher inflation.
Export earnings dropped 6.25 per cent year-on-year to $3.9 billion in September, the first fall in 14 months, as the cost-of-living crisis in the western countries took its toll on Bangladesh’s main foreign currency earning sector.
Bangladesh is going to start exporting goods to India by train for the first time in what is billed by many as a major boost to cross-border trade.
