Bangladesh’s clothing exports to the European market have increased by 16.27 percent from $7.81 billion to $9.07 billion. This growth occurred in the first five months (July-November) of the fiscal year. This information is available from Export Promotion Bureau (EPB) statistics.
Exports to Germany, the largest market in the European Union, reached 2.71 billion US dollars, a growth of 1.88 percent compared to the same period last year. Exports to Spain and France also increased by 19.15 percent and 38.87 percent respectively. Other major countries of the European Union, Italy, Austria, Netherlands and Sweden have seen export growth of 50.95 percent, 48.87 percent, 34.39 percent and 22.90 percent respectively. On the other hand, there was a negative growth of 19.61 percent in annual exports in Poland during the said period.
According to EPB data, apparel exports to the United States during the period were $3.47 billion, accounting for a year-on-year growth of 4.07 percent. Exports to the UK and Canada also increased by 11.71 percent and 30.25 percent respectively over the same period of the previous fiscal. At the same time, exports to non-traditional markets increased from USD 2.47 billion to USD 3.19 billion.
The EPB also said that exports to Japan among major non-traditional markets reached $597.83 million during July-November 2022-23, a year-on-year growth of 38.11 percent. Other non-traditional markets with high growth are Malaysia 100.21 percent, Mexico 49.68 percent, India 48.78 percent, Brazil 44.53 percent and South Korea 30.35 perce
