$21.64 billion worth of apparels were shipped to the European Union in the Jul-May period this fiscal year
International market prices declined mainly because of a fall in demand from end consumers suffering from high inflationary pressure due to the severe fallouts of Covid-19 and Russia-Ukraine war.
VF Corporation's top official meets BGMEA president
It hit $4.97 billion in January, posting a 12.45% year-on-year rise
Overall apparel shipment rose 3.67% to $47.39 billion in 2023
Bangladesh secured the top position in garment shipments to the European Union during the January-March period, overtaking China in terms of quantity, as retailers in the trade bloc have started diversifying their sources to reduce overdependence.
Bangladesh retained second position in apparel shipments to the European Union (EU) in the first two months of the current year with a 22.75 per cent share of the trade bloc’s overall garment imports, according to data from EUROSTAT.
Such incidents are becoming a serious problem for apparel exporters
Even a year ago before the start of the Russia-Ukraine war, Rajiv Chowdhury, managing director of Young4ever Textiles, used to ship T-shirts and polo shirts worth $1 million to Russia as the market was opening up for local exporters.
$21.64 billion worth of apparels were shipped to the European Union in the Jul-May period this fiscal year
International market prices declined mainly because of a fall in demand from end consumers suffering from high inflationary pressure due to the severe fallouts of Covid-19 and Russia-Ukraine war.
VF Corporation's top official meets BGMEA president
It hit $4.97 billion in January, posting a 12.45% year-on-year rise
Overall apparel shipment rose 3.67% to $47.39 billion in 2023
Bangladesh secured the top position in garment shipments to the European Union during the January-March period, overtaking China in terms of quantity, as retailers in the trade bloc have started diversifying their sources to reduce overdependence.
Bangladesh retained second position in apparel shipments to the European Union (EU) in the first two months of the current year with a 22.75 per cent share of the trade bloc’s overall garment imports, according to data from EUROSTAT.
Such incidents are becoming a serious problem for apparel exporters
Even a year ago before the start of the Russia-Ukraine war, Rajiv Chowdhury, managing director of Young4ever Textiles, used to ship T-shirts and polo shirts worth $1 million to Russia as the market was opening up for local exporters.
In theory, this sounds like a good idea, but it is not so straightforward.