Bangladesh’s EU apparel export increases by around 45% during Jan-May ’22

Bangladesh’s apparel export to the stronghold of EU in the Jan-May period of year 2022 rose by 44.95 per cent to US $ 9.58 billion.

Media reports claimed this citing latest import statistics by European Statistical Office Eurostat.

Meanwhile, speaking to the media, BGMEA Director Mohiuddin Rubel, reportedly, maintained the import figure of the EU indicates a good position of Bangladesh’s apparel in the markets there even as he, reportedly, observed that retailers in the West are struggling to adapt to increasingly inflationary global market, thanks to the recent geopolitical tension while also adding sales of many European brands and retailers have declined recently.

The Eurostat figures further showed EU’s global apparel imports grew by 24.37 per cent during the period even as its apparel imports from China increased 20.67 per cent year-over-year to reach US $ 10.19 billion in the same period.