RMG export begins FY27 on strong footing despite global challenges: BGMEA

Bangladesh's ready-made garment (RMG) industry has made a resilient start to the fiscal year 2026-27, with exports reaching US$3.89 billion in July despite a challenging global business environment and domestic energy constraints.

According to the Export Promotion Bureau (EPB), RMG exports stood at US$3.89 billion in July 2026.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the performance should be viewed against the exceptionally high base of July 2025, which recorded the highest single-month RMG export earnings in the country's history.

According to the BGMEA, as the new fiscal year 2026-27 begins, the EPB has released export data for the month of July.

The figures show that Bangladesh's RMG export recorded a slight year-on-year decline of 1.92%, totalling US$ 3.89 billion compared to US$ 3.96 billion in July 2025.

However, it is important to note that July 2025 was an exceptionally strong month, marking the highest single-month export performance in Bangladesh's RMG history. 

Against that extraordinary base, the current figure of US$ 3.89 billion represents a welcome start to the new fiscal year. 

Product-wise performance reveals that woven garments bore the brunt of the decline, falling by 3.16% year-on-year, while knitwear exports proved more resilient, declining by only 0.90%. 

BGMEA's UD data also shows similar picture as UD value of July 2026 declined by 2.8% compared to July 2025. 

This performance comes at a time when the industry is navigating significant challenges—including a severe gas crisis that is constraining production capacity utilization, and ongoing geopolitical uncertainties that continue to disrupt global trade and supply chains. 

Despite these headwinds, Bangladesh's RMG sector has demonstrated resilience, crossing nearly US$ 3.89 billion in a single month.