Bangladesh’s RMG export in 2019 registers the slowest growth after 2009, and that’s not what the Industry was expecting. Here is our analytical piece on the country’s RMG export performance in the calendar year 2019.
Data
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Bangladesh noted a decent 8-month period in its apparel exports to USA. The country marked surge on both values and volumes by 3.83 per cent and 4.51 per cent, respectively.
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Bangladesh, the 2nd largest apparel exporter to EU gained from China’s fall because of the obvious reason that China is no longer a favourite place for European buyers to place orders.
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Denim is growing bigger in Bangladesh and the export data stamps on the same. Let’s have a look at a comparative analysis on denim export of Bangladesh versus Mexico as far as the USA market is concerned.
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Here’s Apparel Resources’ analysis of trade data with 15 of the biggest export destinations of Bangladesh and how apparel export fared among them.
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Low wages and taka depreciation are helping Bangladesh witness growth in its apparel exports to USA. Here is full analysis.
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Currency depreciation of over 7 per cent in 2018 coupled with low wages and rising trend of automation helped Bangladesh capture a larger share of the European market in the first 5 months of 2018.
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The shipments from Bangladesh continued tapping larger chunk in the European market beating China which lost ground in its clothing exports to EU during the review period.