Countries such as Bangladesh, Vietnam, Egypt, and Peru are adapting to evolving trade dynamics and seeking new markets to boost agricultural exports, signaling resilience in the sector despite global challenges.
Bangladesh has experienced a significant increase in its ready-made garment (RMG) exports during the first half of the 2024-25 fiscal year. According to data from the Export Promotion Bureau (EPB), RMG exports reached $19.89 billion, reflecting a 13.28% rise compared to the same period last year. The European Union remains the largest market, accounting for nearly 50% of total exports, with Germany emerging as the leading importer within the EU. Exports to Germany amounted to $2.47 billion, a 14% year-on-year increase.
The United States also continues to be a major market, with imports from Bangladesh valued at $3.84 billion, marking a 17.55% rise. This growth has been attributed to U.S. tariffs imposed on other countries, prompting buyers to diversify their sourcing options.
Vietnam’s agricultural sector is closely monitoring U.S. trade policies and adapting to the shifting global trade environment. As tariffs on Chinese imports continue, some orders may be redirected from China to Vietnam. Industry leaders see potential opportunities from these changes but are mindful of long-term effects, such as possible scrutiny from U.S. authorities if production moves extensively to Vietnam.
The Vietnamese wood products industry remains strong, with exports to the U.S. accounting for around 55% of total sales. Experts emphasize the importance of diversifying export markets to mitigate risks associated with reliance on a single market.
In Egypt, the nation has maintained its position as the top exporter of potatoes to Greece, reaching over 156,000 tons valued at $64 million. Egypt’s strategic logistical advantages and consistent pricing strategies have allowed it to dominate the Greek potato import market since 2002. Greece, meanwhile, is increasing its own potato exports, with Romania and Bulgaria being key destinations, indicating a trend toward more interconnected agricultural markets.
Peru continues its proactive approach by planning to introduce its agricultural products to ten new markets, including Indonesia, the Philippines, and Israel. Building on last year’s expansion to 21 new destinations, Peru’s agro-exports rose by 22% to reach $12.8 billion. This reflects the nation’s commitment to diversifying its agricultural exports and adapting to changing global market trends.
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