No Result
View All Result
INDUSTRY INSIDER
About Us
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
Thursday, July 10, 2025
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
No Result
View All Result
INDUSTRY INSIDER
No Result
View All Result
Home Industry

Bangladesh’s apparel export to the EU rises by 3.9%, maintains second position

Bangladesh’s apparel export to the EU rises by 3.9%, maintains second position
by Insider Desk
May 25, 2023

In the first quarter of 2023, Bangladesh experienced a 3.9% increase in apparel exports to the European Union (EU), reaching a total value of $5.6 billion, up from $5.4 billion in the same period of 2022.

This growth solidifies Bangladesh’s position as the second-largest apparel import source for the EU, trailing behind China.

Bangladesh accounted for a significant 24.07% share of the EU’s total ready-made garment (RMG) import in terms of value during this period, while China maintained a slightly higher share at 24.55%.

Despite declining quantity, Bangladesh ranked in the EU’s apparel sourcing list based on kilograms.

Notably, this top position was maintained in 2022 as well. The recent statistics from Eurostat reveal a 3.67% decline in apparel imports from Bangladesh, equivalent to 11.84 million kilograms.
This decrease in quantity can be attributed to a rise in unit prices caused by increased raw material costs, transportation expenses, and other production-related expenses, amounting to a 7.86% surge in January-March 2023.

The overall apparel import figures for the EU during the mentioned period indicate a decline of 4.94% in value, equivalent to a decrease of $1.22 billion compared to the corresponding period in 2022.

In terms of quantity, the EU’s clothing import experienced a significant downturn of 12.64%, which translates to 136.88 million kilograms less than the previous year’s January-March period.

China, as the second-largest apparel import source for the EU, faced a decline of 17.80% in value, with imports amounting to $5.7 billion during the mentioned period, down from $6.99 billion.
The decline was even more pronounced in quantity, reaching 22.46% or 65 million kilograms.

Among the top ten apparel-sourcing countries, Bangladesh, India, and Vietnam demonstrated positive growth in value terms, while imports from other countries, including Turkey, Pakistan, Sri Lanka, and Morocco, declined.

EU imports from Turkey, the third-largest apparel import source, dropped significantly by 12.79% during January-March 2023.

In value terms, EU imports from India and Vietnam experienced increases of 5.75% and 3.73%, respectively. However, when considering volume, all the top apparel-sourcing countries exhibited negative growth during the mentioned period.

Tags: Apparel exportExportFeaturedRMG
Previous Post

Nvidia’s exceptional forecast nears historic milestone as first trillion-dollar chip company

Next Post

Bangladesh’s foreign currency reserves fall below $30 billion for the second time in May

Related Posts

Bangladesh’s 5G dilemma: Leap forward or strengthen 4G first?

by Shafiqul Islam
| June 19, 2025

Road to data-driven industry: Levels of implementation for creating digital twin

by Giasuddin M Tauseef
| June 4, 2025

Billions down the drain as state-run data centers falter

by Mahmudul Hasan
| June 5, 2025

Behind dairy’s unrealized potential 

by Md Asaduz Zaman
| May 19, 2025

Why Bangladesh needs stricter pharmaceutical regulations

by Sharmin Jahan Juha
| July 2, 2025

Rethinking hi-tech park strategies, focusing on FDI is key

by Shafiqul Islam
| March 23, 2025

Next Post
Bangladesh’s foreign currency reserves fall below $30 billion for the second time in May

Bangladesh's foreign currency reserves fall below $30 billion for the second time in May

You May Also Like


UK scrambles to revive microchip
More

BSIA welcomed national taskforce recommendations on semicon development

by Insider Desk
July 9, 2025
0

The Bangladesh Semiconductor Industry Association (BSIA) warmly welcomes and appreciates the recently published recommendations by the National Semiconductor Taskforce, constituted...

Read more
BB governor reaffirms banking sector reform, clarifies frozen accounts

Bangladesh to implement risk-based supervision for banks by 2026

July 8, 2025
Bangladesh PMI shows slower Economic contraction in August

Bangladesh’s PMI falls in June

July 8, 2025
Bangladesh’s apparel exports to US surge

Global apparel market hits $557.5 billion in 2024, Bangladesh retains second spot

July 8, 2025
Pathao launches ‘Pathao Pay’ digital wallet

Pathao launches ‘Pathao Pay’ digital wallet

July 8, 2025
Home
Industry
Business
Tech
Bangladesh
World
Feature
R&D
Videos
Magazine
About Us Subscribe
Terms & Conditions
Privacy Policy
Refund Policy
Cancellation Policy
Industry Insider is published by Tareq Ahmed Robin, Sayem Sharif, Md Mahfuz Ul Islam and Mohammad Saiful Islam. It is a quarterly magazine, comes from House B-114, Level – 03, Road – 07, DOHS, Mohakhali, Dhaka – 1206
Reach Out: [email protected]
© 2023 – All rights reserved with Industry Insider | Developed By YSI Bangla Limited  Follow us on our socials:
© 2023 – All rights reserved with Industry Insider | Developed By   Follow us on our socials:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • All News
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • More
  • About Us
  • E-Magazine
  • Videos
  • Subscribe