Bangladesh's Q1 FY25 exports up 5.04% YoY; garment exports up 5.34%

11 Oct '24

1 min read

Bangladesh's Q1 FY25 exports up 5.04% YoY; garment exports up 5.34%

Pic: Adobe Stock

Insights

Bangladesh's export earnings grew by 6.78-per cent YoY in September to $3.51 billion and by 5.04 per cent YoY to reach $11.37 billion in Q1 FY25.
Export of garments in Q1 were worth $9.29 billion—a 5.34 per cent YoY growth.
Out of that, export of knitwear was worth $5.22 billion—a rise of 5.72 per cent YoY, while that of woven garments was worth $4.07 billion—a rise of 4.85 per cent YoY.

Bangladesh’s export earnings saw a 6.78-per cent ($220-million) year-on-year (YoY) growth in September this year to $3.51 billion, according to the Export Promotion Bureau (EPB).

EPB data showed that in the first quarter (July-September) of fiscal 2024-25, the country’s export earnings grew by 5.04 per cent ($10.82 billion) YoY to reach $11.37 billion.

Readymade garments (RMG) ruled the overseas market during this quarter, bagging $9.29 billion—a 5.34 per cent YoY growth, domestic media outlets reported.

Out of that, export of knitwear was worth $ 5.22 billion—a rise of 5.72 per cent YoY, while that of woven garments in Q1 FY25 was worth $4.07 billion—an increase of 4.85 per cent YoY.

Fibre2Fashion News Desk (DS)

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