Bangladesh鈥檚 export earnings from major markets, including the United States, Germany and the United Kingdom, registered positive growth in the first quarter or July-September period of the current financial year 2024-25, while those from Spain and Italy recorded negative growth.
According to the Export Promotion Bureau, Bangladesh鈥檚 export earnings from the US increased by 11.73 per cent in July-September of FY25, reaching $2.05 billion, up from $1.84 billion in the same period of FY24.
Readymade garments contributed $1.81 billion, or 88 per cent, of Bangladesh鈥檚 total export earnings from the US, the country鈥檚 largest market, out of the $2.05 billion in exports.
Exporters expressed confusion regarding the EPB data related to the US market, as information from the US Trade Department showed a decline in apparel imports from Bangladesh up to August 2024.
The EPB data showed that export earnings in the first quarter of FY25 from Germany, the second largest market for Bangladesh, grew by 1.96 per cent to $1.22 billion from $1.2 billion in the same period of the previous financial year.
Earnings from apparels amounted to $1.14 billion, or 93.57 per cent, of Bangladesh鈥檚 total export earnings from Germany, out of the $1.22 billion in exports during the period.
The country鈥檚 export earnings from the UK, the third largest destination for Bangladesh, increased by 1.89 per cent to $1.18 billion in July-September period of FY25 from $1.16 billion in the same period of FY24.
In the UK market, out of the $1.18 billion in export earnings during the period, readymade garments accounted for 94.71 per cent, or $1.12 billion.
Bangladesh Knitwear Manufacturers and Exporters Association former president Fazlul Hoque on Wednesday told 抖阴精品 that the Bangladesh apparel sector experienced a decrease in the number of orders from July to September due to political instability and labour unrest in factories.
He mentioned that the impact of the decreased orders might be reflected in the export data for November and December.
鈥業t is a positive development that the political situation has begun to improve and a peaceful environment has returned to the factories. If this trend continues, Bangladesh can expect to receive an increased number of global orders in the coming months,鈥� Fazlul said.
The government data showed that Bangladesh鈥檚 export earnings from Spain saw a sharp decline of 11 per cent in the first quarter of FY25, dropping to $869.36 million from $976.79 million in the same period of FY24.
Out of the $869.36 million, the contribution from RMG was 97.22 per cent or $845.21 million.
The country鈥檚 export earnings from the Netherlands in July-September of FY25 grew by 21.94 per cent to $560.30 million from $459.50 million in the same period of FY24.聽
Out of the export earnings from the Netherlands, the share of apparel was 88.53 per cent or $496.04 million.
Bangladesh鈥檚 export earnings from France rose by 7.75 per cent in the first quarter of FY25, reaching $543.69 million, up from $504.59 million in the same period of FY24.
Of the $543.69 million, apparels accounted for $475.29 million during the period.
Bangladesh鈥檚 export earnings from Italy fell by 4.43 per cent to $346.11 million in the first quarter of FY25, whereas earnings from Canada rose by 9.46 per cent to $324.31 million during the same period, the EPB data showed.
