Bangladesh’s ready-made garment (RMG) exports to the European Union (EU) saw a remarkable increase of approximately 24% year-on-year, reaching $8.07 billion during the period of January to April 2025. This significant growth, rising from $6.51 billion during the same period in 2024, highlights Bangladesh’s expanding role in the global apparel market.
Growth Factors
The increase was backed by a 19.71% rise in the volume of exports, according to the latest trade statistics.
The rise in unit price by 3.57% indicates balanced growth in both export amounts and prices, showcasing the competitive pricing strategy of Bangladeshi garments in the EU market.
Comparative Performance
In comparison, China’s apparel exports to the EU during the same period totaled $8.39 billion, up from $6.90 billion in 2024.
Other competitors like Turkiye experienced a 5.41% decrease in apparel exports, while Vietnam recorded a 15.62% growth, indicating Bangladesh’s robust performance relative to its competitors.
Market Trends
The EU has witnessed a general increase in apparel imports, with the overall market growing by 14.21%, totaling approximately $32.49 billion during the first four months.
Bangladesh’s growth in this sector is vital as it positions the country as a key player in the global garment supply chain, particularly amidst challenges faced by rivals.
Future Outlook
With the EU continuing to be a primary market for Bangladesh’s garment industry, the sustained growth could lead to increased investments and production capabilities in the RMG sector.
Industry experts believe that if current trends continue, Bangladesh may further close the gap with China, potentially positioning itself as one of the leading apparel suppliers to the EU.
