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Friday, 24 December 2021 11:30

Bangladesh apparel exports to EU up 16 per cent

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During July to October 2021 Bangladesh’s apparel exports to the European Union were up 16 per cent. Bangladesh’s apparel exports to Germany grew 13 per cent in this period, says BGMEA. Exports to the United Kingdom grew by 16 per cent while exports to Spain grew by 25 per cent. Apparel exports to France grew by eight per cent. Apart from these markets, Poland, the Netherlands, Italy, Belgium, Denmark and Sweden also remained positive in their imports from Bangladesh during July to October ’21. In fact Europe is Bangladesh’s main export market for readymade garments.

Year, 2021 was a comeback year for the readymade garment export industry of Bangladesh and the European market remains as one of the top export destinations of the country despite Covid being still a danger in EU countries. Europe has once again become the epicenter of the pandemic, with many European Union nations recording the highest Covid cases in recent days. Among Bangladesh’s exports to the EU, the top four export destinations, Germany, UK, Spain and France, account for 67 per cent of Bangladesh’s total readymade garment export value to the EU markets, while the rest is shared by the rest of 24 countries.