Apparel export from Bangladesh to EU grows by 15.04%

Apparel exports from Bangladesh to the European Union (EU) saw 15.04 per cent growth during July-January of fiscal 2022-23, $13.73 billion from $11.94 billion in July-January period of FY22, as per the Export Promotion Bureau (EPB).

Germany being the largest European market fetched $4.06 billion with only 0.83 per cent growth compared to the same period of the previous year.

Export to Spain and France also increased by 18.18 per cent and 18.74 per cent, respectively, reads a press release.

Exports to other major EU countries such as Italy, Austria, the Netherlands and Sweden showed growth of 57.50 per cent, 32.93 per cent, 32.41 per cent and 23.28 per cent, respectively.

However, exports to Poland showed 17.79 per cent year-over-year negative growth during the mentioned period.

RMG export to the US during the mentioned period fell by 1.98 per cent compared to the same period in FY22.

The other non-traditional markets having high growth were -- Malaysia 92.77 per cent, Mexico 42.70 per cent, India 58 per cent, Brazil 64.14 per cent, and South Korea 37.39 per cent.