In the fourth quarter of the 2024-2025 fiscal year, readymade garment export earnings declined by 11.92% compared to those of the third quarter, according to a Bangladesh Bank report published on Thursday.
In the fourth quarter, April-June, exports from the sector netted $9.1 billion in earnings, down from $10.3 billion in the third quarter, according to the central bank's "Quarterly Review of Readymade Garments: April-June of FY25".
However, the fourth quarter earnings represented a 3.15% increase from the same period in the previous fiscal year ($8.8 billion), even as external trade barriers have been affecting exports for the last few months, the review added.
In the fourth quarter, the net RMG export (determined by subtracting RMG raw material import value from RMG export value) was $5.2 billion or 56.78% of gross RMG exports.
The US, Germany, the United Kingdom, Spain, France, the Netherlands, Italy, Canada, and Belgium had been the top destinations for the country's RMG exports from April-June.
Exports to these nine countries generated $ 6.5 billion, representing 71.89% of the sector's total earnings during the period.
RMG export earnings for FY25 ($ 39346.07 million) increased by 8.90% compared to those of FY24.
The RMG sector has contributed 8.52% to the country's nominal GDP in FY25.
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