Bangladesh's ready-made garment (RMG) exports weakened broadly in the first nine months of the fiscal year (July to March). According to data from the Bangladesh Export Promotion Bureau, compiled and released by the Bangladesh Garment Manufacturers and Exporters Association, garment exports to the United States, the largest single market, totaled $5.59 billion, down 2.54% year-on-year; the US accounts for about 20% of the country's total annual garment exports.

Key Points

  • Garment exports to the US from July to March totaled $5.59 billion, down 2.54% year-on-year, with the US accounting for about 20% of Bangladesh's annual garment exports.
  • Exports to the EU totaled $14.02 billion, down 6.99% year-on-year, with the EU accounting for 49% of its total garment exports.
  • Total garment exports for the same period were $28.58 billion, down 5.51% year-on-year, with non-traditional markets falling 8.05%.

Exports to the EU, the second-largest traditional market, were also under pressure. The EU accounts for 49% of Bangladesh's total garment exports, and exports to it in the first nine months of the fiscal year totaled $14.02 billion, down 6.99% year-on-year, the most pronounced decline among major markets.

Other traditional markets saw slight declines. Exports to the UK totaled $3.30 billion, down 1.61%; the UK is Bangladesh's third-largest garment export destination, with a market share of about 12%. Exports to Canada totaled $961.34 million, edging down 0.26%.

The steepest decline was in non-traditional markets, with exports to these markets falling 8.05% in the first nine months of the fiscal year.

In terms of total volume, Bangladesh's garment exports from July to March amounted to $28.58 billion, a decrease of 5.51% from the same period last year. The simultaneous contraction of major and emerging markets reflects the dual pressure of weakening demand and order diversion facing Bangladesh's garment exports overall amid current global supply chain fluctuations.

Source: RMG exports to US fall 2.54% in July-March · Originally published on 2026-09-26