State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Export performance scenario: Volume-driven rather
than price-driven
Table 5.4: Changes in trade values, quantity and price/unit of export of RMG items by
Bangladesh to the U.S and E.U: FY24 VS FY23 (July-October)
Year
FY21
FY22
FY23
FY24
Overall RMG Exports to U.S
Changes
(RMG Price/Dozen)
Changes in Changes
Quantity
(%)
in Values
(%)
2.1
23.4
28.3
-22.5
Overall RMG Exports to E.U
(RMG Price/Kg)
Changes in Changes Changes in
in Prices Values (%) in Quantity Prices (%)
(%)
(%)
16.5
-12.4
-12.4
-7.5
-5.2
20.0
2.8
9.0
7.9
1.0
4.9
-15.5
22.4
64.3
26.4
29.9
-8.3
-29.6
-18.0
-14.1
Source: Authors' Estimation based on USITC (2023) and Eurostat (2023).
ā The information in Table 5.4 indicates that both in the USA and the EU, Bangladesh's export
growth is primarily coming from a rise in volume rather than price.
Moving up-market, both within and beyond RMG, will be called for to ensure
price-driven growth of exports.
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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