Bangladesh’s apparel exports to EU witness highest growth during January-August

Bangladesh’s apparel export to its major destinations of the European Union (EU), has witnessed the highest growth among all the top exporter countries during January-August this year.

This is as per reports, which cited data from the EUROSTAT (the statistical office of the EU), in this regard.

Reports citing the EUROSTAT maintained the EU imported apparel worth US $ 67.18 billion from around the world, including US $ 15.37 billion from Bangladesh during the first eight months of 2022 even if Bangladesh remained the second largest apparel import source for Europe with a 22.89 per cent share of the EU’s total apparel import.

Reports further added EU’s apparel import from Bangladesh increased by 45.26 per cent during the first eight months of 2022 compared to the same period of the previous year even if China, the top apparel import source for the EU, had 28.06 per cent share, registering 26.59 per cent year-on-year growth.