May 6, 2025 8:07 am
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Export Income Hits Lowest in April in 10 Months, RMG Sector Also Affected in Banglades

Bangladeshi export sector in the first 10 months (July–April) of the 2024–25 fiscal year, April saw a significant setback. According to the latest data from the Export Promotion Bureau (EPB), export earnings in April amounted to only $3.01 billion — the lowest monthly figure in the current fiscal year.

Compared to the same period last year, this reflects a meager growth of just 0.86%. In contrast, March’s export income was $4.25 billion, indicating a sharp month-to-month decline of around $1.24 billion.

Analysts attribute this drop mainly to the long Eid-ul-Fitr holiday and the ongoing gas crisis in the industrial sector. Most factories, including those in the readymade garment (RMG) sector, were closed for one to one and a half weeks, disrupting production and directly impacting exports.

Slowdown in the RMG Sector

The RMG sector, the country’s top export earner, generated $32.64 billion over the past 10 months, reflecting a 10% year-on-year growth. However, in April alone, the sector earned $2.39 billion — only a 0.44% increase compared to the same month last year.

Segment-wise, knitwear exports grew by 5.08% in April, while woven garment exports declined by 4.65%. From July to April, knitwear exports rose by 10.74% ($17.46 billion) and woven garments by 9.17% ($15.18 billion).

Entrepreneurs View April’s Drop as a “Warning Signal”

Mohiuddin Rubel, Managing Director of Bangladesh Apparel Exchange and former BGMEA director, commented, “Although the yearly growth is still positive, April’s performance is a warning signal. To stay competitive globally, we must ensure stability in production infrastructure and energy supply.”

Economists emphasized the need for long-term strategies to maintain supply chain consistency, uninterrupted gas and power supply to industries, and special measures for production continuity during festive seasons.

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