Published on 12:00 AM, March 31, 2023

Garment export to EU soars 36%

Bangladesh says the European Union should extend trade facilities well past its United Nations status graduation to a developing country as the country’s trade was badly impacted from the severe impacts of the Covid-19 pandemic and Russia-Ukraine war. Moreover, the garment sector has been playing a major role in empowering women by creating jobs for thousands of female workers while Bangladesh has sheltered a massive number of displaced Rohingyas. Photo: Star
Star Business Report

Bangladesh's apparel export to the European Union increased 35.69 per cent year-on-year in 2022, according to data from the Eurostat.

The bloc's imports from the world grew by 20.97 per cent.

The EU imported $22.89 billion worth of clothing items from Bangladesh last year, data from the statistical office of the EU showed.

Thanks to a 22.20 per cent share in the EU's total garment import, Bangladesh remains the second largest apparel sourcing destination for the bloc.

The EU's import from the top sourcing nation, China, was up 17.01 per cent to $30.14 billion in 2022, while the import from Turkey, the third-largest apparel supplier, increased by 10.09 per cent $11.98 billion.

It rose 21.02 per cent and 35 per cent from India and Vietnam, respectively.

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