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Corporate - February 23, 2023

RMG exports to EU rise by 38pc

Industry Desk: Bangladesh’s apparel exports to the European Union are increasing day by day.
Bangladesh exported garment products worth 21.18 billion dollars to EU counties from January to November of 2022, which is 38.39 per cent more from the same period of 2021.
Eurostat, the statistical office of the European Union situated in Luxembourg, has disclosed the information.
According to the data released by Eurostat, European Union imported garment products worth 95.17 billion dollars in 11 months of 2022 increased by 22.39 per cent compared to the 77.76 billion dollars in the same period of 2021.
The data showed that Bangladesh’s position remained as the second-largest apparel exporter in the EU market while China and Turkey occupied the first and third highest positions respectively.
The Eurostat data showed that RMG import from China by the EU in 11 months of 2022 grew by 19.29 per cent to 27.98 billion dollars compared with that of 23.45 billion dollars in the same period of 2021.
Turkey’s apparel exports to the EU in the 11 months of 2022 increased by 11.65 per cent to 11.56 billion dollars.
The import of RMG by the EU from Cambodia grew by 35.89 per cent, Vietnam by 34.16 per cent, Pakistan by 27.99 per cent, Morocco by 8.13 per cent, Sri Lanka by 17.32 per cent and Indonesia by 27.80 per cent.

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