World’s leading denim manufacturer, Bangladesh has seen a stellar growth of denim exports in the first eight months of the current year. According to the Office of Textiles and Apparel (OTEXA) data, the country’s denim exports during the period were up 5.84 per cent to US $ 299 million as against US $ 282 million (appx.) in the corresponding period last year.
According to the data of Eurostat, the country’s denim exports to the European Union were up 6.86 per cent to Euro 568 million in the first six months as against Euro 531.50 million in the same period last year.
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Denim products contribute about US $ 6 billion to US $ 28 billion RMG exports of Bangladesh, which is expected to reach US $ 7 billion by 2021. Of the total amount, EU and US import big chunk of Bangladesh’s denim products. According to the study by Cotton Inc., 71 per cent of people in Europe and Latin America enjoy wearing denim, followed by 70 per cent in the US, 58 per cent in China and 57 per cent in Japan.