The latest round of tariff escalations proposed by former U.S. President Donald Trump, if he returns to office, is expected to shake up global trade dynamics. Among the countries that stand to benefit from this shift is Bangladesh, particularly in the readymade garment (RMG) sector. As the U.S. considers imposing higher tariffs on Chinese imports, […]
In November 2024, Bangladesh’s readymade garment (RMG) exports to the European Union (EU) experienced a significant increase of 24.09%, reaching €1.53 billion, up from €1.23 billion in November 2023, according to Eurostat data. Consistent Growth in Recent Months This surge is part of a consistent upward trend observed over the past few months. Exports in
In 2024, Bangladesh’s readymade garment (RMG) exports to the United States experienced a modest increase of 0.75%, totaling $7.34 billion, according to data from the U.S. Department of Commerce’s Office of Textiles and Apparel (OTEXA). This growth follows a 25% decline in 2023, when exports fell to $7.29 billion from a peak of $9.73 billion
Over the past six months leading up to January 2025, Bangladesh’s readymade garment (RMG) industry has demonstrated remarkable resilience, securing robust export orders despite facing significant challenges. This success is largely attributed to increased demand from key markets such as the United States and the European Union, as well as a strategic shift of orders
