Bangladesh apparel witness highest 41.76% growth in EU beating China

Posted On: 24 Jan 2023By: Admin

Bangladesh is the second largest source of EU apparel imports. Compared to the period of January-October 2021, the import of clothes from Bangladesh in the same period last year increased by 41.76 percent. However, China remains the largest apparel supplier to the EU with a 29.39 percent share.

In the first 10 months of 2022, EU apparel imports from China reached $25.49 billion, a year-on-year growth of 22.43 percent. At the same time, imports from Turkey also increased by 12.82 percent year-on-year. EU imports from Turkey also stood at $10.12 billion. Imports from India reached $4.24 billion, a year-on-year growth of 23.46 percent.

Among other top garment suppliers, EU imports from Cambodia, Vietnam, Pakistan, Morocco, Sri Lanka and Indonesia increased by 39.69 percent 33.05 percent, 28.55 percent, 9.59 percent, 18 percent and 31.76 percent respectively.

The impact of the Russia-Ukraine war following the global pandemic coronavirus and the fuel crisis has caused a slowdown in trade and import-export, which has also affected Bangladesh’s garment sector. But even then, the value of apparel made in Bangladesh did not decrease in the US or European markets. Rather, new markets are constantly growing for clothes made in Bangladesh around the world.

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