Business

Bangladesh poised to overtake China in apparel export to EU

Bangladesh is poised to overtake China in garment exports to Europe, the world's largest market, anytime in the near future for work orders shifting its way and its price competitiveness.

In the January-June period of this year, Bangladesh attained shipments worth $11.31 billion, registering the highest year-on-year growth of 44.6 per cent, according to Eurostat.

China secured a 21.78 per cent rise, reaching $12.22 billion, added the data of the European Union's statistical office.

Currently, China is the world's largest apparel maker, with a 38 per cent market share.

Bangladesh is the second, with a 6.8 per cent market share. Local exporters expect it to reach 7 per cent at the end of this year.

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Bangladesh poised to overtake China in apparel export to EU

Bangladesh is poised to overtake China in garment exports to Europe, the world's largest market, anytime in the near future for work orders shifting its way and its price competitiveness.

In the January-June period of this year, Bangladesh attained shipments worth $11.31 billion, registering the highest year-on-year growth of 44.6 per cent, according to Eurostat.

China secured a 21.78 per cent rise, reaching $12.22 billion, added the data of the European Union's statistical office.

Currently, China is the world's largest apparel maker, with a 38 per cent market share.

Bangladesh is the second, with a 6.8 per cent market share. Local exporters expect it to reach 7 per cent at the end of this year.

Comments

‘সংস্কারে একমত হলে পরস্পরকে প্রতিপক্ষ ভাবার কোনো কারণ নেই’

সংস্কারের বিষয়ে একমত হলে একে অন্যকে প্রতিপক্ষ ভাবার কোনো কারণ নেই বলে মন্তব্য করেছেন পরিবেশ, বন ও জলবায়ু পরিবর্তনে মন্ত্রণালয় ও পানি সম্পদ মন্ত্রণালয়ের উপদেষ্টা সৈয়দা রিজওয়ানা হাসান।

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