Bangladesh’s RMG exports to non-traditional markets surge by 23.75% in July 23

Chisty Tex

Dhaka, Bangladesh –

Bangladesh’s ready-made garment (RMG) exports to non-traditional markets surged by 23.75% in July, reaching a total of $674.82 million. This growth was driven by strong demand from markets such as Japan, Australia, India and South Korea.

Exports to Japan grew by 49.99% to $104.82 million, while exports to Australia grew by 55.73% to $50.89 million. Exports to India grew by 2.60% to $27.12 million, and exports to South Korea grew by 19.59% to $23.32 million.

The strong growth in RMG exports to non-traditional markets is a positive sign for the Bangladesh economy. It shows that Bangladesh’s RMG sector is becoming more diversified and is gaining a foothold in new markets. This is important as the traditional markets for Bangladesh’s RMG, such as the United States and the European Union, are facing increasing competition from other countries.

Chisty Tex, a leading manufacturer and exporter of RMG in Bangladesh, is well-positioned to capitalize on the growth of the non-traditional RMG market. The company has a strong track record of exporting to a wide range of markets, including Japan, Australia, India and South Korea. Chisty Tex is also committed to innovation and quality, which are essential for success in the competitive RMG market.