In the first six months of the current fiscal year Bangladesh’s garment exports to India grew by 50 per cent compared to the same period of the previous fiscal year.

Knitwear exports to India grew by 56 percent and woven exports grew by 44 percent. In these six months, Bangladesh’s total exports to India were four percent of the country’s total export earnings of the period and seven percent more than the same period of the last financial year.

In the same six month period Bangladesh’s apparel exports to the United States grew by only one percent. Apparel exports to Germany increased by three percent. Bangladesh’s apparel exports to Spain and France increased by 17 percent and 33 percent respectively. Exports to the United Kingdom and Canada increased by 11 percent and 28 percent respectively.

In addition to traditional markets, Bangladesh’s apparel exports to non-traditional markets increased by 32 percent compared to the same period in the last fiscal. Among non-traditional markets, exports to Japan rose 42 percent. Exports of Bangladesh have increased to all countries in the last two fiscal years, but the largest increase has been in India. Bangladesh’s product exports to India in the last fiscal year were 55 percent more than they were in the previous fiscal year.