In 2024, Bangladesh’s ready-made garment (RMG) exports soared to an impressive US $38.48 billion, underscoring the sector's continued robust performance. The European Union maintained its position as the largest market for Bangladeshi garments, accounting for 50.34% of total exports, which amounted to US $19.37 billion.

The United States emerged as the second-largest market, importing RMG products worth US $7.2 billion, representing 18.72% of the total. The United Kingdom followed closely, contributing significantly with exports reaching US $4.3 billion, or 11.25% of the overall figure.

According to Mohiuddin Rubel, a former director of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Germany, Spain, and France were key contributors within the EU market. Their imports were valued at US $4.83 billion, US $3.42 billion, and US $2.14 billion, respectively. Canada also emerged as an important market, importing garments worth US $1.24 billion and accounting for a 3.23% market share.

Bangladesh also demonstrated significant progress in non-traditional markets. Exports to countries such as Japan, Australia, India, Turkey, and Russia totaled US $6.33 billion, representing 16.46% of total RMG exports. Among these, Japan led with US $1.12 billion, followed by Australia at US $831 million, India at US $606 million, Turkey at US $426 million, and Russia at US $343 million.

This diversification into non-traditional markets is strengthening Bangladesh’s export portfolio and boosting the resilience of its RMG industry on the global stage.

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