RMG exports to EU rise 24% year-on-year in Jan-Apr, reach $8.07b

Bangladesh's ready-made garments exports to the European Union grew by 23.98% year-on-year during the January-April period of this year, reaching $8.07 billion, according to Eurostat data.

In comparison, exports during the same period in 2024 stood at $6.51 billion.

In the first four months, there was a strong 19.71% increase in volume and 3.57% increase in unit price, showcasing balanced growth in export amount, volume, and price in the EU market. 

According to Eurostat, from January to April, the EU's total apparel imports rose by 14.21%, reaching $32.49 billion in global trade. During this period, several apparel-exporting nations like China, India, Pakistan, and Cambodia experienced substantial growth. 

China, the largest exporter to the EU, recorded a 21.49% year-on-year rise in apparel exports, reaching $8.39 billion, up from $6.90 billion in the same period in 2024. It also saw a remarkable 7.37% increase in unit price.

India secured $2.01 billion in exports, growing by 20.58%, while Pakistan and Cambodia posted growth rates of 23.42% and 31.78%, respectively, with exports of $1.42 billion and $1.56 billion.

Vietnam also registered a 15.62% rise in exports to the EU, reaching $1.48 billion, alongside a 5.68% increase in unit price.

In contrast, Turkey saw a 5.41% decline in apparel exports to the EU, falling to $3.10 billion during the same four-month period.

Bangladesh is showcasing notable growth in RMG export riding on rising unit price and volume. China continues to lead, while Vietnam maintains its resilience in the European market.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA), however, said the persisting conflicts between Iran and Israel pose challenges for businesses, leading to trade disruptions and increased expenses.