The net exports of the readymade garment items stood at $6.09 billion in the January-March quarter or third quarter of the current financial year 2024-25, according to the Bangladesh Bank.
The RMG sector鈥簊 gross earnings were $10.35 billion, according to the BB publication titled 鈥楺uarterly Review on RMG: January-March of FY25鈥�,
The import value of raw materials (raw cotton, synthetic or viscose fibre, synthetic or mixed yarn, cotton yarn, textile fabrics and accessories for garments) stood at $4.25 billion in January-March of FY25.
According to the Bangladesh Bank data, the import value of raw materials accounted for 41.10 per cent of total RMG export earnings.
As a result, the value addition in the RMG exports stood at 58.90 per cent.
However, the net export earnings from the sector witnessed a negative growth of 3.70 per cent from the preceding quarter (October-December of FY25), which was $6.33 billion.
Meanwhile, the net earnings were 3.45 per cent higher than the same quarter of the previous FY24, which was $5.89 billion, said the central bank data.聽聽
In Q3 of FY25, the sector鈥簊 gross earnings also marked a slight decline of 0.19 per cent from the preceding quarter of the same financial year, to $10.35 billion, which was $10.36 billion for the October-December quarter of FY25.
However, this figure represented a 6.34 per cent increase from the same period in the previous FY24, which was $9.73 billion, despite continued global economic uncertainties and fluctuating demand in key export markets.
The value addition also declined by more than 2 percentage points to 58.90 per cent, which was 61.04 per cent in the preceding quarter of FY25 (October-December).
Moreover, value addition also witnessed a decline of nearly 2 percentage points from the same quarter of the previous financial year (January-March FY24), which was 60.55 per cent, according to the central bank data.
During Q3 of FY25, the RMG export made a significant contribution of 8.99 per cent to the country鈥檚 GDP.
The Bangladesh Bank data also said that the main destinations of Bangladesh鈥檚 RMG exports were the United States, Germany, the UK, Spain, France, the Netherlands, Italy, Canada, and Belgium during Q3 of FY25, from where Bangladesh earned about 90 per cent of its total earnings from the RMG exports.聽
According to the quarterly report, the government and the Bangladesh Bank have taken several measures to facilitate the production and export of the RMG sector, including pre-shipment credit, incentives for export expansion, and funds for export green transformation, export facilitation, and export development.
The central bank report also stated that the RMG sector in Bangladesh demonstrated strong resilience and steady growth during Q3 of FY25, driven by increased global demand and production efficiency.聽
The report expected that the significant performance of the RMG sector would be reaffirmed during the whole FY25, setting a positive outlook for the coming years.