RMG Exports to US Jump 26.64% in Jan-Feb 2025

Bangladesh's readymade garment (RMG) exports to the United States saw a significant 26.64% increase during January-February 2025, reaching $1.50 billion, compared to $1.18 billion in the same period of 2024. This growth outpaced other major exporters like India, Pakistan, and Vietnam. In January, RMG exports surged by 45.9%, amounting to $799.65 million.

Three more Bangladeshi RMG factories—Echotex Limited, Elite Garments Industries Ltd, and Euro Knit Spinn Ltd—have received LEED Platinum certification, the highest level under the rating system. This brings Bangladesh’s total LEED-certified garment factories to 240, including 98 Platinum and 128 Gold-certified facilities.

Bangladesh's ready-made garment (RMG) exports grew by 10.64% year-on-year, reaching $26.79 billion during July-February FY25, driven by strong demand from major markets. The EU remained the largest market, accounting for 50.10% of total exports at $13.42 billion, followed by the US at $5.06 billion (18.91%) and Canada at $845 million (3.16%).

Bangladesh's RMG value addition, fluctuating since FY20, remains below pre-pandemic levels. Data shows a drop to 56.49% in FY20, rising to 59.13% in FY21, then falling to 54.38% in FY22, before reaching 60.13% in FY24.

Bangladesh's pharmaceutical exports saw steady growth in the first eight months of FY24-25, earning $145.46 million, a 7.1% increase from $135.81 million in the same period of the previous year. Growth was driven by rising demand in developed markets like the US, Australia, and Europe.

Bangladesh's plastic sector has seen robust export growth, with shipments rising by 21.25% in the first eight months of FY25, reaching $203.63 million compared to $166.59 million in the same period of FY24. This surge is attributed to rising global demand, diversified product offerings, and increased production capacity. European buyers are increasingly turning to Bangladesh as an alternative to China, creating opportunities for expansion