The sector has navigated shocks before, including price wars, factory compliance reforms, political instability and swings in global demand. What makes the current moment different is the simultaneity of pressures. Financial strain, weakening export momentum, rising competition and geopolitical disruptions are emerging at the same time, just as Bangladesh approaches a major transition in its global trade status.
According to export performance data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), compiled from Export Promotion Bureau (EPB) statistics, Bangladesh’s ready-made garment (RMG) exports reached $**.** billion between July **** and January ****, accounting for about ** per cent of the country’s $**.** billion merchandise exports. The International Labour Organization estimates that the export-oriented garment sector employs around * million workers, highlighting the scale of an industry central to Bangladesh’s economy.
