Also, exporters accepted orders at lower prices and shipped them on time, adds Hassan.Įxporters also upgraded their technology, production capacity, and product quality, which helped gain more orders, Hassan explains. One reason, Bangladesh managed to increase exports in 2021 was the ability of manufacturers to keep factories operational during the year. Despite, pandemic-related challenges, exporters showed tremendous resilience and efforts to boost business. Exports of both knitwear and woven garments grew 40 percent year-over-year. This was the highest ever single-month apparel export achieved by the country. In January 2021, Bangladesh’s apparel export earnings grew 42.71 percent to $4.08 billion, says a Textile Today report. Lower prices, on-time delivery boost orders During the year, Bangladesh’s exports of woven products also surged 22.46 percent to $16.21 billion, says Faruque Hassan, President, BGMEA. The surge in apparel export earnings was dominated by knitwear exports that rose 37.72 percent to $19.59 billion compared to $14.22 billion in the same period last year. The country’s earnings from apparel exports surpassed Vietnam’s export earnings of $32.75 billion, reveals the General Statistics Office. In 2021, Bangladesh’s apparel export earnings grew 30.36 percent to $35.81 billion. On the other hand, the export of woven garments surged 27.23 percent to $10.71 billion. Knitwear exports surged 32.89 percent to $13.27 billion. Latest Export Promotion Bureau (EPB) statistics show Bangladesh’s apparel exports surged 30.30 percent to $23.99 billion from July to January 2021-22. In terms of percentage, the export earnings in January 2023 increased by 5.89 percent compared to January 2022.BANGLADESH REGAINS GLOBAL POSITION AS THE SECOND LARGEST RMG EXPORTERīangladesh is back to being the world’s second-largest apparel exporter. Import from India reached USD 4.53 billion registering 21.52 percent growth year-on-year.ĮU’s imports from other top suppliers like Cambodia, Vietnam, Pakistan, Morocco, Sri Lanka and Indonesia increased by 35.89 percent, 34.16 percent, 27.99 percent, 8.13 percent, 17.32 percent and 27.80 percent respectively.Īccording to the updated report of the Export Development Bureau ( EPB), Bangladesh’s exports of manufactured goods in the world market in January this year amounted USD 513 crore 62 lakh 40 thousand. EU’s imports from Turkey also stood at USD 11.09 billion. At the same time, imports from Turkey also grew by 11.56 percent year-on-year. The data further showed that during the first 11 months of 2022, EU’s imports from China reached USD 27.98 billion with 19.29 percent year-on-year growth. Besides, the increase in demand for our clothes among European buyers is attributed to the quality of Bangladeshi clothes,” he added. And this has been possible due to increase in green factories in Bangladesh. “According to Eurostat data, buyers from Europe are still leaning towards Bangladesh. In other words, there has been a record growth in Bangladesh’s garment exports in the European market.” But Bangladesh is the first in the world in terms of growth. Mohiuddin Rubel told Bangladesh Post, “China continues to hold the title of the largest apparel supplier to the EU with a 29.40 percent share. EU’s apparel import from Bangladesh increased by 38.39 percent compared to the corresponding period of 2021.īangladesh Garment Manufacturers and Exporters Association (BGMEA) Director Md. In Jan-Nov 2022, EU imported USD 21.18 billion worth of apparel from Bangladesh, as it holds the position of the second largest apparel import source for the EU. B angladesh readymade garments ( RMG ) export has hit a record growth in the European market recently.Īccording to the latest data published by the European statistics organization EUROSTAT, between January and November 2022, the European Union bought 38.39 percent more garments from Bangladesh than that in 2021.ĮUROSTAT data show that cumulatively in January to November 2022 period, EU imported USD 95.17 billion worth of apparel from the world, noting 22.39 percent year-on-year growth.
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