Bangladesh's 2024 RMG exports earning totals $38.48bn

Bangladesh's Ready-Made Garment (RMG) exports in 2024 achieved a remarkable total of $38.48 billion. 

The European Union (EU) continued to dominate, holding a substantial share of 50.34% of Bangladesh's total RMG exports, which amounted to $19.37 billion.

According to official data, during the January-December period of last year, the United States accounted for $7.2 billion, representing an 18.72% share, while UK contributed $4.3 billion, equating to an 11.25% share. 

Within the EU, key markets included Germany, which imported $4.83 billion, followed by Spain with $3.42 billion and France at $2.14 billion. 

Additionally, exports to Canada reached $1.24 billion with 3.23% market share. 

Bangladesh is also making notable strides in non-traditional markets, such as Japan and Australia, reflecting a strategic diversification effort. 

Non-Traditional markets accounted for $6.33 billion, representing 16.46% of Bangladesh's total RMG export. 

Among these markets, Japan leads with $1.12 billion, followed by Australia at $831 million, India at $606 million, Turkey at $426 million, and Russia at $343 million.